CHICAGO, IL (June 1, 2026) — HSG Medical and Capital Healthcare Properties have closed on a $23.4 million sale of the Advocate Health Care Cardiovascular ASTC & Outpatient Center, located at 1836 Freedom Drive in Naperville, Illinois. The 42,438-square-foot, single-tenant medical facility was sold directly to Advocate Health and Hospitals Corporation, a wholly owned subsidiary of Advocate Health, the third-largest nonprofit health system in the United States.
The property, developed by HSG Medical and Capital Healthcare Properties, is a newly redeveloped, state-of-the-art cardiovascular ambulatory surgery treatment center (ASTC) and outpatient facility. The building was purpose-built to serve as an extension of Advocate’s nationally recognized cardiology program at Advocate Good Samaritan Hospital and houses a dedicated cardiac catheterization operating room, prep and post-recovery services, cardiovascular specialty clinician offices, primary care, cardiac diagnostics, lab, and imaging services.
“Advocate is one of the premier health systems in the country and this is a world-class facility. We are proud of what this partnership produced and grateful to have played a role in bringing it to Naperville,” said Kage Brown, Managing Partner of HSG Medical.
“Few partners are as thoughtful or as mission-driven as the Advocate team, and it shows in every decision they make. They’re true professionals and, just as importantly, genuinely good people. Collaborating with them on another project has been a real highlight for our team, and we’re grateful for the continued trust they’ve placed in us,” added Dan Ahlering, Managing Partner, Capital Healthcare Properties.
Situated within the premier Freedom Commons mixed-use development at the gateway to Naperville, the facility benefits from direct I-88 access and is proximate to several of the region’s top-ranked hospitals. The redevelopment converted an existing building into a fully modern, single-story medical facility, purpose-engineered to support the complex clinical demands of cardiovascular surgery and outpatient care.
Alex Sharrin of Jones Lang LaSalle represented HSG Medical and Capital Healthcare Properties and Tom Hollinden of CBRE represented Advocate Health and Hospitals Corporation on the sale.
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About Capital Healthcare Properties
Capital Healthcare Properties is a Chicago-based healthcare real estate sponsor focused exclusively on medical ground-up development, adaptive reuse, acquisitions, property management and leasing services.
About HSG Medical
HSG Medical, an affiliate of Chicago-based Hubbard Street Group (“HSG”), was formed to exclusively focus on ground-up development, redevelopment and strategic acquisitions of medical outpatient facilities in strong, supply-constrained markets. HSG has developed 13.5+ million square feet with an aggregate capitalization of $3.5 billion. Led exclusively by Kage Brown and John McLinden, the principals of HSG Medical bring over 50 years of combined real estate development experience.
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