Avison Young assists Northwest Community Healthcare (NCH) in the acquisition of a 123,944-sf office building
Leading area healthcare provider more than doubles its non-clinical footprint, adds to 500,000-sf Chicago market portfolio
Nov. 27, 2018, Chicago, IL – Avison Young announced today that it has negotiated the acquisition of a 123,944-square-foot (sf) office building located at 3040 Salt Creek Lane in Arlington Heights, IL.
Avison Young Executive Vice President Mark Johnson, a healthcare specialist located in the Chicago office, represented Northwest Community Healthcare (NCH) in the purchase of the property. The sale price was not disclosed. NCH is moving operations from its nearby 3060 Salt Creek Lane property, where it occupied 50,000 sf. Avison Young has also been engaged to oversee the disposition of the former office facility on behalf of NCH.
“With the purchase of 3040 Salt Creek, NCH has more than doubled its business support square footage,” comments Johnson. “This allows the organization toconsolidate its non-clinical financial and support services within one strategic location, increasing workflow efficiency and cost effectiveness.”
3040 Salt Creek Lane is a 3-story, 123,944-sf medical office building located less than a quarter mile from Illinois Route 53 and adjacent to Arlington International Racecourse. With 546 parking spots on-site and located in proximity of the Arlington Park Metra commuter train station and Illinois Route 14 (Northwest Highway), the property is positioned well to provide a best-in-class office environment for NCH’s employees.
NCH began a phased, move-in process into the new property on November 1, 2018. Known as the health system’s Shared Services Center, the facility will house non-clinical business operations and support services staff.
“We’re thrilled to be able to house all of our non-clinical staff and services under one roof,” adds Stephen Scogna, CEO of NCH. “Our new Shared Services building is right next door to our former Business Center, which makes the most sense for our employees who will have an identical commute but more ample parking and a larger space with room to grow.”
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,700 real estate professionals in 85 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial, multi-family and hospitality properties.
Serving Chicago’s northwest suburbs since 1959, Northwest Community Healthcare (NCH) is an independent healthcare system dedicated to serving the community. Its comprehensive, patient-centered system of care has locations throughout Chicago’s northwest suburbs. It serves more than 350,000 outpatients and more than 20,000 inpatients treated annually at its 489-bed acute care hospital in Arlington Heights, Illinois. It is home to a Level III NICU, Level II Trauma Center and a dedicated pediatric emergency department.
The award-winning hospital holds the prestigious Magnet®designation for nursing excellence, is designated as a Comprehensive Stroke Center, and earned the Joint Commission’s Gold Seal of Approval. NCH has a medical staff of more than 1,200 physicians. All 23 locations of NCH Medical Group are staffed with board-certified primary and specialty care physicians. In addition, five NCH Immediate Care Centers and NCH Virtual Health provide access to care when and how people need it.
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