FOR IMMEDIATE RELEASE
The off-market transaction closed on February 3, 2022.
Rockford, IL (February 3, 2022) Vitalis and Advenir JV, acquire Rockford Plastic Surgery Center located at 5995 Spring Creek Rd in Rockford, IL for $5,275,000. The 14,400 square foot medical office building is fully occupied by Pryor Health on a fifteen-year NNN lease.
Founded in 2013 by Dr. Pryor, Pryor Health has become a leading provider of plastic surgery and non-surgical aesthetic medicine across the Midwest and central United States. The 5995 Spring Creek Rd location serves at Pryor Health’s headquarters.
“We were drawn to the investment opportunity following the significant capital investment by Enhanced Health Partners to grow Pryor Health’s platform nationally,” said Elliot LaBreche.
This the JV’s third acquisition in the last two months in the Milwaukee – Chicago metro area.
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About Vitalis:
Elliot LaBreche is the founder of Vitalis, a vertically integrated real estate investment company focused on medical office and life science investment sales, acquisitions, and leasing across the US.
About Advenir:
Stephen Vecchitto, founded Advenir in 1996 and serves as the company’s Managing Director. Advenir acquires, develops, and manages multi-family and single-family rental communities on behalf of high net worth and institutional investors. Advenir’s current multi-family portfolio consists of 15,000 units valued at over $3 Billion.
Media Contact: Abigail Kind, 802.881.9278
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