{"id":1004728439,"date":"2024-09-11T01:41:04","date_gmt":"2024-09-11T09:41:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004728439"},"modified":"2024-09-11T01:41:06","modified_gmt":"2024-09-11T09:41:06","slug":"mcb-acquires-chicago-area-mob","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mcb-acquires-chicago-area-mob\/","title":{"rendered":"MCB Acquires Chicago-Area MOB"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/iMed-Naperville-Medical-Office.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"771\" height=\"579\" data-attachment-id=\"1004728446\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mcb-acquires-chicago-area-mob\/imed-naperville-medical-office\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/iMed-Naperville-Medical-Office.jpg\" data-orig-size=\"771,579\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"iMed Naperville Medical Office\" data-image-description=\"&lt;p&gt;Exterior shot of iMed Naperville Medical Office in Naperville, Ill.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The four-story iMed Naperville Medical Office features floorplates averaging 18,000 square feet and a two-story lobby atrium. Image courtesy of Greenstone Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/iMed-Naperville-Medical-Office.jpg?w=771\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/iMed-Naperville-Medical-Office.jpg\" alt=\"Exterior shot of iMed Naperville Medical Office in Naperville, Ill.\" class=\"wp-image-1004728446\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/iMed-Naperville-Medical-Office.jpg 771w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/iMed-Naperville-Medical-Office.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/iMed-Naperville-Medical-Office.jpg?resize=768,577 768w\" sizes=\"auto, (max-width: 771px) 100vw, 771px\" \/><\/a><figcaption class=\"wp-element-caption\">The four-story iMed Naperville Medical Office features floorplates averaging 18,000 square feet and a two-story lobby atrium. <em>Image courtesy of Greenstone Partners<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>MCB Science + Health has acquired iMed Naperville Medical Office, a 72,000-square-foot medical office building in Naperville, Ill., a Chicago submarket. DynaCom Management Inc. sold the asset for $28 million, in a deal brokered by Greenstone Partners.<\/p>\n\n\n\n<p>The four-story <a href=\"https:\/\/www.commercialsearch.com\/news\/medical-office-to-perform-well-in-2024-report\/\">medical office building<\/a> came online in 2015 and was 96 percent leased at the time of sale. Endeavor Health, previously known as Edward-Elmhurst Health, anchors the facility. Other tenants include ABC Pediatrics, Basko Dermatology and Naper Grove Vision Care.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/outpatient-facilities-step-into-the-spotlight\/\">Outpatient Facilities Step Into the Spotlight<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The Class A property features floorplates averaging 18,000 square feet, 10-foot ceiling heights, a two-story lobby atrium and covered patient drop-off and pick-up areas, as well as a 300-spot parking.<\/p>\n\n\n\n<p>The property is at 1331 W. 75th St., 2 miles from the Endeavor Health Edward Hospital and 1 mile from downtown Naperville. Downtown Chicago is 35 miles northeast.<\/p>\n\n\n\n<p>Greenstone Partners Managing Partner Jason St. John brokered the transaction on behalf of the seller.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-mcb-s-expansion-in-the-health-care-sector\">MCB\u2019s expansion in the health-care sector<\/h2>\n\n\n\n<p>MCB Real Estate launched the Science + Health platform in 2022 in a partnership with real estate executive Wilkingson Germain. The venture focuses on acquisition and development in the medical office, senior housing and life science sectors across the U.S.<\/p>\n\n\n\n<p>Earlier this year, MCB broke ground on Drexeline Medical Office Building, the 60,000-square-foot health-care component of Drexeline Town Center in Drexel Hill, Penn. The three-story facility is already fully leased to Delaware County Human Services and Children\u2019s Hospital of Philadelphia.<\/p>\n\n\n\n<p>And, last year, the firm completed the construction of Wellness Center at Yard 56, an 80,000-square-foot, Class A medical office building in Baltimore. The asset is leased by Baltimore Medical System, Innovative Physical Therapy, Bay Vanguard Bank and LabCorp.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This property spans more than 72,000 square feet.<\/p>\n","protected":false},"author":3355,"featured_media":1004728446,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21783,21754,13,21742],"tags":[44501,49291],"class_list":["post-1004728439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-investment","category-medical-office","category-midwest","category-latest","tag-greenstone-partners-of-chicago","tag-mcb-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MCB Acquires Chicago-Area MOB - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"MCB Science + Health acquired iMed Naperville Medical Office, a medical office building in Naperville, Ill., a Chicago submarket.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/mcb-acquires-chicago-area-mob\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MCB Acquires Chicago-Area MOB\" \/>\n<meta property=\"og:description\" content=\"MCB Science + Health acquired iMed Naperville Medical Office, a medical office building in Naperville, Ill., a Chicago submarket.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mcb-acquires-chicago-area-mob\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-11T09:41:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-11T09:41:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/iMed-Naperville-Medical-Office.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"771\" \/>\n\t<meta property=\"og:image:height\" content=\"579\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mcb-acquires-chicago-area-mob\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mcb-acquires-chicago-area-mob\/\",\"name\":\"MCB Acquires Chicago-Area MOB - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mcb-acquires-chicago-area-mob\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mcb-acquires-chicago-area-mob\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/iMed-Naperville-Medical-Office.jpg\",\"datePublished\":\"2024-09-11T09:41:04+00:00\",\"dateModified\":\"2024-09-11T09:41:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\"},\"description\":\"MCB Science + Health acquired iMed Naperville Medical Office, a medical office building in Naperville, Ill., a Chicago submarket.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mcb-acquires-chicago-area-mob\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/mcb-acquires-chicago-area-mob\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mcb-acquires-chicago-area-mob\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/iMed-Naperville-Medical-Office.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/iMed-Naperville-Medical-Office.jpg\",\"width\":771,\"height\":579,\"caption\":\"The four-story iMed Naperville Medical Office features floorplates averaging 18,000 square feet and a two-story lobby atrium. 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