MBRE Healthcare acquiring north suburban medical office portfolio

Deal includes a 3-building Glenview campus picked up for $21M

TRD CHICAGO /
Mar.March 04, 2019 03:00 PM

MBRE Healthcare President Peter Westmeyer and 2591 Compass Road (Credit: MBRE Healthcare and Colliers International)

MBRE Healthcare is acquiring a north suburban medical office portfolio, including a three-building complex in Glenview.

The Chicago-based firm bought the Prairie Glen Medical Office Center at 2501-2591 Compass Road for $21.1 million from Titan Development Company, according to Cook County records.

Capital One provided a $66 million loan to finance MBRE’s acquisition of the portfolio, a company spokesperson said. The Glenview property was included, but the spokeperson declined to give details on the other properties, saying those deals haven’t closed yet.

The Glenview complex totals 74,000 square feet inside The Glen mixed-use development. Brokers on the deal were Dimitri Development and Paul Zeman of Bull Realty, according to Bisnow.

MBRE Healthcare is a division of MB Real Estate specializing in medical uses. The firm last year bought 93,000 square feet of medical offices in a Streeterville building from Driftwood Hospitality Management.


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