Real Estate
Lee & Associates of IL Negotiates Future Advocate Health Care Center
The $4.1M sale of the 6.5-acre lot located at the southwest corner of Route 59 and Hoffman Blvd will be a new outpatient center.
Rosemont, IL. — September 28, 2023 — Lee & Associates, one of the largest national commercial real estate providers, negotiated the $4.1M sale of 6.5-acre lot located at the southwest corner of Route 59 and Hoffman Boulevard in Hoffman Estates, IL.
Rick Scardino, Principal at Lee & Associates, represented the seller, Prairie Pointe Commercial (c/o Conor Commercial). Jacob Dell and Gary Fazio of CBRE represented the buyer, Advocate Health and Hospitals Corp.
According to Scardino, “Advocate Health Care plans to build a ±36,000-square-foot, single-story outpatient center at an expected cost of $34M, inclusive of land costs, with potential for a 11,300-SF future expansion. This development will fulfill a long-sought-out need by Advocate to be present in this strategic corridor.”
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About Lee & Associates
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.
