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Hot Property: MOB in a thriving, mixed-use area

Prairie Glen Medical Office Center is next to The Glen, a planned community in Glenview, Ill., north of Chicago. Photo courtesy of Bull Realty

Prairie Glen Medical Office Center in Glenview, Ill., is home to large tenants

Name: Prairie Glen Medical Office Center
Number of buildings: 2
Square feet: 44,200
Address: 2551 and 2591 Compass Road
City: Glenview, Ill.
Offered cap rate: 6.5 percent
Avg. remaining lease: 8.9 years
Brokerage: Bull Realty
Broker: Paul Zeman

The Village of Glenview, Ill., about 20 miles north of downtown Chicago, was once home to the U.S. Navy’s largest, most important fighter pilot training bases. During World War II, the 1,400-acre Naval Air Station Glenview and its runways served as the training ground for thousands of pilots, including those who flew planes from aircraft carriers.

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