LILLIBRIDGE ACQUIRES $31 MILLION HEALTHCARE PORTFOLIO

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DECATUR, ILL. — Chicago-based private healthcare real estate firm Lillibridge has acquired a 13-building, 255,000-square-foot medical office portfolio in Decatur. The company purchased the $31 million portfolio from Decatur Memorial Hospital, which fully occupies five of the buildings. Ten of the office buildings are located on the Decatur Memorial Hospital Campus, while the remaining three facilities are located off-campus in Decatur. Overall, the portfolio is 95 percent occupied. Lillibridge will own and manage the properties, and offer ownership options to the buildings’ physician tenants. A remodeling program will be implemented for some of the buildings over the next year.

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