71 South Wacker, Chicago
CHICAGO—Medical real estate firm MedProperties Group has relocated its corporate headquarters from Northbrook to the 71 South Wacker office tower here.
The 15-year-old award-winning company shifted its headquarters operations from 40 Skokie Boulevard in Northbrook to the 37th floor of the 48-story 1.765 million square foot office building in Downtown Chicago that is anchored by Goldman Sachs.
Matthew J. Campbell, CEO and founding partner of MedProperties Group, says the new headquarters space was chosen to better serve the firm's healthcare clients and tenants, facilitate interaction with its institutional partners and other industry professionals, and elevate the workplace experience for current and future employees.
“Along with increased visibility and growing our brand, our exciting new location gives us many advantages,” says Campbell, who founded the company in 2005. “For one, it gets us closer to our capital and debt partners, our law firms, healthcare brokers, architects, general contractors and other consultants that we interact with.
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.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
