Berkadia Secures Acquisition Financing for a Medical Office Building in Naperville, Illinois
Naperville, Illinois – September 18, 2024 – Berkadia announced today the financing of the iMed Naperville Medical Office Building, a property located in Naperville, Illinois. Director Patrick Abeln of Berkadia Medical & Life Sciences secured the acquisition financing on behalf of the borrower, Chicago-based MCB Science + Health. The deal closed on September 6.
MCB Science + Health is a subsidiary of MCB Real Estate that acquires and develops properties nationally across life sciences, medical office, and seniors housing. The company has been involved in over $20 billion transactions spanning 31 states.
“The iMed Naperville Medical Building represents a unique combination of Class A asset, excellent tenancy, and great location in one of Chicago’s most attractive suburbs,” said Abeln. “This property is well-positioned for continued leasing momentum and long-term success.”
Located at 1331 W 75th Street, the property is conveniently located in the western suburbs of Chicago and is located within minutes of five major hospitals including Endeavor Health Edward Hospital, Rush-Copley Medical Center, Northwestern Medical Center, Advocate Good Samaritan, and UChicago Medicine AdventHealth Bolingbrook. The iMed Naperville Medical Office Building is a four-story, 96 percent leased, 72,000 square foot Class “A” medical office building that features an attractive and synergistic mix of tenants, convenient covered patient drop-off and pick-up, and adjacent surface parking for approximately 300 vehicles.
Berkadia provides financing for Naperville medical office building | RE Journals
Just Financed – iMed Naperville Medical Office | Healthcare Real Estate Insights