Patriot Buys Key Berwyn MOB

CHICAGO—Patriot Equities has just bought the 95,869-square-foot Tenet Healthcare MacNeal Hospital medical office portfolio in suburban Berwyn from Chicago-based Heitman, a real estate investment management firm. According to Cook County property records, the Philadelphia-based Patriot paid $15.3 million for the three buildings, currently leased to Tenet Healthcare’s MacNeal Hospital under a long-term lease.

“This is proof-positive of the strength of the demand for strategically located medical properties that are also long-term assets for national hospitals,” Mike Wilson, principal for Avison Young, tells GlobeSt.com. “That really carried the day.”