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Medical office has captured the real estate spotlight with its strong investment sales from large hospitals buying up doctor practices and increased development of outpatient facilities.
The Phoenix-based firm reports it has acquired One Crescent Drive, which totals more than 76,000 square feet and the 80,050-square-foot 201 Rouse Boulevard office building from Liberty Property Trust.
The LINK Evanston features contemporary, open-concept apartments that include studio, one-, two- and three-bedroom floor plans ranging in size from 400 square feet to 1,100 square feet.
"There was great interest in this asset given its location and current use," Cruz said. "It's a rare opportunity to acquire a property with long-term flexibility and optionality that can support logistics, storage and other uses in the Metro park submarket."