Chicago-Area MOB Portfolio Changes Hands

An affiliate of Stage Equity Partners has purchased the two-building Hollister Medical Office Portfolio in Libertyville, Ill. Hollister Inc. sold the properties in an off-market transaction. The assets were 80 percent leased at the time. The first building, dubbed Grand Oaks Health Center, is a three-story, 57,585-square-foot office property. The tenant roster includes Advocate Health Care, Northwest Neurology and Lake Forest Internal Medicine. Completed in 1980 and redeveloped in 2019, the second medical office building is known as Hawthorn Health Center and comprises 34,233 square feet. Tenants at the 5.1-acre property include Weil Foot & Ankle Institute, North Shore Primary Care and Suburban Periodontics.

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