ELK GROVE VILLAGE, Ill. – Skokie, Ill.-based Stage Equity Partners LLC recently acquired an MOB in Elk Grove Village that is just a stone’s throw from the 387-bed Alexian Brothers Medical Center.
Woodland Square, Elk Grove Village, Ill. (Photo courtesy of Stage Equity Partners)
The private real estate investment firm acquired the multi-tenant, 52,126 square foot Woodland Square MOB complex for $7.2 million, or $138 PSF. The MOB, which sits on a 9-acre site, is the only building on the campus not controlled by Alexian Brothers Health System.
The seller – an undisclosed Chicago-area family partnership – developed the four-building MOB complex 20 to 25 years ago. When it decided to sell a couple of years ago, Alexian was an obvious potential buyer.
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