ARC Healthcare selects NAI Hiffman to lease its newest acquisitions
JOLIET and NEW LENOX, IL (January 28, 2016) - NAI Hiffman has been selected by American Realty Capital (ARC Healthcare) to lease two buildings acquired within its portfolio in the last 60 days. The buildings represent two of the twelve total assets that NAI Hiffman manages or leases for ARC Healthcare in the Midwest.
Madison Medical Plaza, located at 301 North Madison Street in Joliet, is a 70,032 square foot medical office building located on-campus and attached to Presence St. Joseph Hospital. There is currently 7,432 square feet of medical office space available.
Presence Healing Arts Pavilion is located at 410 East Lincoln Highway in New Lenox. The 44,391-square-foot building currently has 10,391 square feet available for medical office use.
Both buildings are anchored long-term by Presence Health, one of the largest behavioral health service networks in Illinois with more than 150 locations around the state including 11 hospitals and 27 long-term care and senior living facilities.
ARC Healthcare chose NAI Hiffman to serve as the leasing agents because of the company’s history and expertise in the medical office field, coupled with its strong local presence in the metropolitan Chicago area. ARC Healthcare began its relationship with NAI Hiffman in 2013 when it acquired Rush-Copley’s medical office buildings in Aurora, Illinois and hired NAI Hiffman to manage and lease the properties.
“We are pleased to expand our work with ARC Healthcare,” said Brian Edgerton, Vice President with NAI Hiffman’s office services team. “We have a great success story already with ARC’s medical office buildings across the Chicagoland market and look forward to doing the same with these two quality assets in southwest suburban Chicago.”
About NAI Hiffman
Comprised of over 150 real estate professionals, NAI Hiffman provides leasing, management and investment sales representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages a 47+ million SF portfolio of over 500 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Hiffman is the Chicago-area representative for NAI Global, the world’s largest managed network of real estate service providers, has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property.
Mentioned by The Daily Herald