STAGE EQUITY ACQUIRES 52,000 SF MEDICAL OFFICE COMPLEX

ELK GROVE VILLAGE, ILL. — Stage Equity Partners LLC has acquired a 52,126-square-foot medical office complex in Elk Grove Village, a northwest suburb of Chicago, for approximately $138 per square foot. The complex of four single-story interconnected buildings called Woodland Square was acquired in a direct off-market transaction from a local family partnership. The property is located in the the Alexian Brothers Medical Center campus, directly across the street from the 387-bed flagship hospital for the Alexian Brothers Health System. Fresenius North America and Midwest Sports Medicine anchor the property, which is 99 percent leased to 19 tenants.