Healthcare

GRAYSLAKE, ILL. — The Prairie Med building, a 39,000-square-foot medical office and research facility in suburban Chicago, has become the first building in Illinois awarded two green certifications, according to Leopardo Cos. The facility earned a LEED Silver certification by the U.S. Green Building Council, and a Three Green Globe sustainable certification from the Green Building Initiative. Multiple biofilter strategies were employed at the building to remove pollution from surface runoff water, including micropools, bioswales and rain and community gardens. Located in Grayslake, the two-story building uses 21 percent less water after installing low flow fixtures and existing landscaping that does not require an irrigation system. While being built, more than 90 percent of the wood used for the project was harvested from sustainable forests. The building is the 16th building in the United States to earn dual green certifications, according to Leopardo. SJS Prairie Med LLC developed the project with architect Partners in Design Architects and contractor Leopardo Cos.

EVENDALE, OHIO — A partnership between MedProperties Holdings LLC and Equity Inc. has acquired the Evendale Healthcare Center medical office building in suburban Cincinnati. The four-story, 65,670-square-foot Evendale Healthcare Center is located on 4.6 acres at 10475 Reading Road in Evendale. The multi-tenant medical office building is situated between interstates 71 and 75, near the intersection of Reading Road and Glendale Milford Road. Equity Inc., a Columbus, Ohio-based commercial real estate company with offices in Cincinnati, is providing property management for the Evendale Healthcare Center, and Republic Commercial Real Estate will provide leasing. MedProperties Holdings is a Dallas-based healthcare real estate private equity investment firm.

CLEVELAND, OHIO — The Cooper Commercial Investment Group has arranged the $1.3 million sale of the Cleveland Clinic Medical Building, a 5,800-square-foot medical office building in Cleveland. The sale of the property represents an 8.6 percent capitalization rate. Dan Cooper, president and broker of Cooper Commercial Investment Group, represented the owner, a New York-based private investment owner, and the buyer, also a New York-based private investor, in the transaction. The medical office property has a triple-net lease in place guaranteed by the Cleveland Clinic, which subleases the space to Neighborhood Health Care.

BETTENDORF, IOWA —EnTrust Realty Advisors LLC has arranged the sale of the Lincoln Healthcare Building, a 39,899-square-foot medical office building in Bettendorf. The purchase price was undisclosed. Genesis Health System anchors the building, which is located at 865 Lincoln Road, about seven miles northwest of Davenport. EnTrust Realty Advisors and NAI Ruhl & Ruhl Commercial Co. represented the seller, a private partnership, in the transaction. Mel Foster Commercial represented the buyer, a local private investor.