The 80,000-square-foot Centegra Health Medical Office Building (MOB), which is expected to be completed in February 2017, will fill an important need in the Huntley, Ill. area, which has limited on- and off-campus medical office space.
Medical office building will house physicians and staff from Northern Illinois Medical Center, Rosalind Franklin University of Medicine and Science, and other healthcare tenants
VILLAGE OF HUNTLEY, Ill., and INDIANAPOLIS, Feb. 24, 2016 – Duke Realty, an Indianapolis-based commercial real estate developer, will develop an 80,000-square-foot, four-story medical office building for Centegra Health in the Village of Huntley, about one hour northwest of Chicago. The building will be located on Centegra Health-Huntley’s campus on Algonquin Road.
The new MOB, which is expected to be completed in February 2017, will be connected to the 360,000-square-foot, 128-bed Centegra Hospital-Huntley, which is currently being developed and has a planned completion date of August 2016. The MOB also will be connected to an existing 56,000-square-foot Ambulatory Care Center on the campus. The project includes the addition of 375 parking spaces.
Centegra Health executives say the location for the new MOB and hospital is ideal because the area is experiencing strong population and development growth.
“The Village of Huntley and McHenry and Kane Counties are experiencing tremendous growth, so there’s increased demand for all types of services, including healthcare,” says Jason Sciarro, President and Chief Operating Officer of Centegra. “In addition, a number of businesses are opening new facilities in Huntley, and access to the area is improving with the new Interstate 90 and Route 47 interchange and a planned Amtrak stop.”
Tenants that have already signed leases in the new MOB include Rosalind Franklin University of Medicine and Science, which will occupy 30,000 square feet, and Northern Illinois Medical Center, which will occupy 20,000 square feet and retain 6,000 square feet for future development. Space also is available for lease by other healthcare practices.
Keith Konkoli, Duke Realty Executive Vice President, Healthcare, notes, “There is little on- or off-campus medical office space in the Huntley area, so the Centegra MOB is sorely needed. Although we just began developing the facility, it has already attracted strong anchor tenants, and there is a great deal of interest in the remaining space.”
Chicago-based Power Construction is the general contractor for the project; Kahler Slater, which is headquartered in Milwaukee, is the architect; and St. Charles, Ill.-based O’Donnell Commercial Real Estate is managing leasing for the facility.
About Centegra Health System
Founded in 1995, Centegra Health System, a not-for-profit entity, continues to bring the latest treatments and technology, along with the skills of nearly 4,000 associates, to meet the needs of the growing McHenry County community. Centegra consists of four hospitals with a total of 341 licensed and 306 staffed beds, two fitness centers, two immediate care centers, nearly a dozen physician care locations and numerous specialty care services. For more information about Centegra Health System, visit centegra.org, search Centegra Health System on Facebook and Twitter or call 877-CENTEGRA (236-8347).
About Duke Realty
Duke Realty is a national commercial real estate company specializing in the ownership, management and development of medical office properties, complemented by a large portfolio of industrial assets. Duke Realty (NYSE:DRE) owns, maintains an interest in or has under development 141.8 million square feet of space in more than 22 top-tier markets nationwide.
The healthcare segment of Duke Realty’s portfolio totals more than 6.4 million square feet, and includes properties ranging from medical office buildings to rehabilitation facilities and from ambulatory care centers with diagnostics, oncology and surgery services to one of the nation’s largest cancer centers. Duke Realty also has on-staff a team of healthcare professionals who are well-versed in the unique demands of medical providers and have proven experience in providing hospitals and physician groups comprehensive planning, development, ownership and facility management services. More information about Duke Realty’s healthcare real estate capabilities is available at www.dukerealty.com/healthcare. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.
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