He adds that the larger space will also allow it to grow its workforce by up to 60%, which he says given the company's deal flow, it could achieve over the next five years. The firm owns more than a dozen healthcare properties in the Chicago area, three Phoenix-area properties and has a number of new development projects in the works in both markets.

MedProperties Group is currently completing its second Shirley Ryan AbilityLab clinic in the Chicagoland area and broke ground in February on Mercy Medical Commons II, a three-story, 60,000-square-foot, Class A medical office building in Gilbert, AZ. Mercy II, which is located across from the main entrance to Dignity's Mercy Gilbert Medical Center, will be anchored by The CORE Institute, the largest orthopedic group in Arizona.

MedProperties also owns and manages Mercy Medical Commons I in Gilbert and recently sold its Thunderbird Wellness Centre, a four-building medical campus in Peoria, AZ.

The firm won two national awards for excellence in development from Healthcare Real Estate Insights magazine last December. The firm won “Best New Medical Office Buildings and Other Outpatient Facilities (Less than 25,000 square feet)” for its Shirley Ryan AbilityLab Outpatient and DayRehab Center in Burr Ridge, Ill., and “Best Renovated or Repurposed Healthcare Facility” for its five-building Salt Creek Medical Campus in Hinsdale, Ill.

The 2018 awards were presented in nine different categories during the RealShare Healthcare Real Estate Conference in Scottsdale, AZ, on Dec. 6, 2018.