loader image

MBRE Healthcare acquiring north suburban medical office portfolio

MBRE Healthcare President Peter Westmeyer and 2591 Compass Road (Credit: MBRE Healthcare and Colliers International)

MBRE Healthcare is acquiring a north suburban medical office portfolio, including a three-building complex in Glenview.

The Chicago-based firm bought the Prairie Glen Medical Office Center at 2501-2591 Compass Road for $21.1 million from Titan Development Company, according to Cook County records.

Capital One provided a $66 million loan to finance MBRE’s acquisition of the portfolio, a company spokesperson said. The Glenview property was included, but the spokeperson declined to give details on the other properties, saying those deals haven’t closed yet.

The Glenview complex totals 74,000 square feet inside The Glen mixed-use development. Brokers on the deal were Dimitri Development and Paul Zeman of Bull Realty, according to Bisnow.

MBRE Healthcare is a division of MB Real Estate specializing in medical uses. The firm last year bought 93,000 square feet of medical offices in a Streeterville building from Driftwood Hospitality Management.

Recommend0 recommendationsPublished in Real Estate

Share this story with your network.

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print

Responses

Recent Stories

Del Marie: locked down, but not out

The rapper-dancer-performance poet rolls with the pandemic punches. 2020 started off so well. January and February were great months for 27-year-old rapper, dancer, and performance

Read More »

Speak with a local expert now.

Learn more about this recent happening by speaking with an agent.

X