{"id":1004784071,"date":"2026-01-15T23:55:33","date_gmt":"2026-01-16T07:55:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004784071"},"modified":"2026-01-15T23:55:34","modified_gmt":"2026-01-16T07:55:34","slug":"cook-county-buys-chicago-area-mob","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cook-county-buys-chicago-area-mob\/","title":{"rendered":"Cook County Buys Chicago-Area MOB"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a35668f96df6&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"853\" height=\"640\" data-attachment-id=\"1004784074\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cook-county-buys-chicago-area-mob\/3250-n-arlington-heights-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/3250-N-Arlington-Heights-Road.jpg\" data-orig-size=\"853,640\" 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=\"3250 N Arlington Heights Road\" data-image-description=\"&lt;p&gt;https:\/\/wolfmediausa.com\/2026\/01\/14\/news-release-cbre-arranges-sale-of-stabilized-mob-anchored-by-cook-county-health-in-chicago-msa\/&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Cook County health and Specialized Education of Illinois anchor the one-story facility. Image courtesy of CBRE&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/3250-N-Arlington-Heights-Road.jpg?w=853\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/3250-N-Arlington-Heights-Road.jpg\" alt=\"Exterior shot of Arlington Heights Health Center, a medical office building in Arlington Heights, Ill.\" class=\"wp-image-1004784074\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/3250-N-Arlington-Heights-Road.jpg 853w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/3250-N-Arlington-Heights-Road.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/3250-N-Arlington-Heights-Road.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 853px) 100vw, 853px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Cook County Health and Specialized Education of Illinois anchor the one-story facility. <em>Image courtesy of CBRE<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Cook County has acquired Arlington Heights Health Center, a 72,962-square-foot medical outpatient building in Arlington Heights, Ill., a Chicago submarket. CBRE brokered the transaction.<\/p>\n\n\n\n<p>ACG Management sold the asset, according to Yardi Matrix information. The firm had acquired it in June 1996 from Golman Sachs Asset Management and will continue to manage the property.<\/p>\n\n\n\n<p>Cook County Health and Specialized Education of Illinois anchor the facility. At the time of sale, the one-story building was 93.5 percent occupied to multiple tenants, offering services such as imaging, family medicine, primary care, pediatrics, women\u2019s care and internal medicine.<\/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\/why-mobs-remain-a-strong-bet-for-investors\/\">Why MOBs Are Still a Strong Bet for Investors<\/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 anchor tenants have implemented more than $7 million in landlord and self-funded interior improvement allowances to modernize their suites.<\/p>\n\n\n\n<p>Built in 1986 at 3250 N. Arlington Heights Road, the facility is close to U.S. Routes 68 and 12 and 34 miles from downtown Chicago. Other medical providers in the area include NorthShore Medical Center and Arlington Pediatrics, among others.<\/p>\n\n\n\n<p>CBRE Vice Chair Chris Bodnar, Executive Vice President Brannan Knott, Senior Vice Presidents Zack Holderman, Mike Whisler and Brady Wolfe, Vice Presidents Cole Reethof and Jesse Greshin, along with Senior Associates Kevin Kobe and Courtney Theo, represented the seller. CBRE Downtown Chicago Tenant-Only Advisory&nbsp;Executive Vice President Mark Cassata worked on behalf of the buyer.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-medical-office-s-strong-outlook\">Medical office\u2019s strong outlook<\/h2>\n\n\n\n<p>Occupancy remains exceptionally high across the <a href=\"https:\/\/www.commercialsearch.com\/news\/medical-office-real-estate-trends-to-watch\/\">medical office building sector<\/a>, in line with broader market trends marked by strong investor confidence and low vacancy. Solid tenant retention and a constrained development pipeline have continued to support rent growth, helping the sector outperform in 2025, as investors favored its stable returns and durable cash flows.<\/p>\n\n\n\n<p>Looking ahead, industry experts anticipate that momentum to carry into this year, supported by ongoing growth in outpatient facilities and ambulatory surgery centers. Investment activity is also poised to scale up, with Remedy Medical Properties and Kayne Anderson Real Estate expected to <a href=\"https:\/\/www.commercialsearch.com\/news\/remedy-kayne-anderson-to-pay-7-2b-for-outpatient-medical-assets\/\">close a $7.2 billion transaction<\/a> by mid-2026, which would add 18 million square feet to their combined medical office portfolio.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE brokered the deal.<\/p>\n","protected":false},"author":3355,"featured_media":1004784074,"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":[47345,32789,39618],"class_list":["post-1004784071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-investment","category-medical-office","category-midwest","category-latest","tag-acg","tag-cbre","tag-zack-holderman"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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