The firm’s expanded offices are in the 71 South Wacker building in the heart of the Loop
CHICAGO, July 29, 2019 – MedProperties Group, a 15-year-old, full-service medical real estate firm, is pleased to announce the opening of its new headquarters in one of downtown Chicago’s premier office towers.
Matthew J. Campbell, CEO and Founding Partner of MedProperties Group, says that the new, expanded offices were chosen to better serve the firm’s healthcare clients and tenants, facilitate interaction with its institutional partners and other industry professionals, and elevate the workplace experience for current and future employees.
“Along with increased visibility and growing our brand, our exciting new location gives us many advantages,” explains Mr. Campbell, who founded the company in 2005. “For one, it gets us closer to our capital and debt partners, our law firms, healthcare brokers, architects, general contractors and other consultants that we interact with.
“But more importantly, the new, larger space also gives us the capacity to expand our number of employees by up to 60 percent, which given our deal flow, is something we anticipate doing over the next few years.”
The growing firm is currently completing its second Shirley Ryan AbilityLab clinic in the Chicagoland area and broke ground in February on Mercy Medical Commons II, a three-story, 60,000 square foot, Class A MOB in Gilbert, Arizona. Mercy II, which is located across from the main entrance to Dignity’s Mercy Gilbert Medical Center, will be anchored by The CORE Institute, the largest Orthopaedic Group in Arizona. MedProperties also owns and manages Mercy Medical Commons I in Gilbert and recently sold its Thunderbird Wellness Centre, a four-building medical campus in Peoria, Ariz.
In December, MedProperties Group won two national awards for excellence in development from Healthcare Real Estate Insights magazine. The firm won “Best New Medical Office Buildings and Other Outpatient Facilities (Less than 25,000 square feet)” for its Shirley Ryan AbilityLab Outpatient and DayRehab Center in Burr Ridge, Ill., and “Best Renovated or Repurposed Healthcare Facility” for its five-building Salt Creek Medical Campus in Hinsdale, Ill.
The firm owns more than a dozen healthcare properties in the Chicago area, three Phoenix-area properties and has a number of new development projects in the works in both markets.
With the move to 71 South Wacker, MedProperties Group relocated from suburban Northbrook to the 48-story, 1.765 million square foot building in the heart of the Loop, Chicago’s powerful business district, with close proximity to some of the city’s most popular cultural destinations and prestigious hotels.
The award-winning 71 South Wacker building received The Outstanding Building of the Year (TOBY) Earth Awards in the local, regional and international categories from Building Owners and Managers Association (BOMA), and is Certified LEED® Platinum by U.S. Green Building Council & ENERGY STAR® by U.S. Environmental Protection Agency.
MedProperties Group’s official new office address is 71 S. Wacker Drive, Suite 3725, Chicago, IL 60606.
About MedProperties Group
MedProperties Group was established in 1994 as a sister company to Matthew J. Campbell’s SameDay Surgery, LLC, which at the time was the largest private non-hospital outpatient surgery center provider in the Chicago area. After the sale of SameDay in 2004 to USPI, Mr. Campbell expanded MedProperties to a full-service medical real estate investment, development and operating platform based in Chicago. The team is comprised of senior real estate professionals with institutional backgrounds and healthcare provider experience. MedProperties Group targets acquisition, development and redevelopment investments in a variety of healthcare types with a focus on the medical office sector throughout the Midwest and Southwest. With nearly 2 million square feet under management, the firm has established partnerships with numerous prominent institutional, family office and individual equity partners as it continues to grow its portfolio of outpatient facilities through acquisitions and developments. For more information, please visit MedPropertiesGroup.com.
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