CHICAGO—Ryan Cos. US, Inc. recently completed the acquisition of a 9.5-acre land site within the Cantera Business Park, north of I-88, in west suburban Warrenville, with ultimate plans to develop a medical office building complex for a hospital-based system. When complete, Ryan officials say the development will likely have a construction volume exceeding $15 million.
Recent changes to federal law require care givers to cut costs, and many have opted to spread outpatient facilities out into the areas they serve so patients can access care without visiting a hospital. Ryan now has two prominent office/medical office development positions in the western suburbs along I-88, including an Oak Brook parcel it acquired in February.
According to Jim McDonald, vice president of development, the Cantera land parcel is strategically situated where Ferry Rd., Mill St. and Warrenville Rd. intersect. The surrounding area has both a dense population and a significant concentration of hospitals and healthcare systems' outpatient facilities.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
