Ryan Cos. Filling Gap in Suburban Healthcare Market

Ryan’s planned medical complex in Warrenville’s Cantera Business Park will offer one or more health systems the opportunity to move services closer to the patients.

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.