$77.5 Million Non-Performing Office Loan
US - Washington, DC
€71,314,000 | 28,508 m²
Jones Lang LaSalle (Illinois), L.P. (“JLL”), has been exclusively retained to arrange the sale of the Hastings Healthcare Center (the “Property” or the “Offering”), a 153,000 RSF medical office building located in the Illinois Medical District, a world-class innovation district that provides access to top medical professionals. The Property represents a rare opportunity to acquire a recently renovated Class A office asset in an ecosystem known for a large concentration of healthcare institutions, biotech hubs, and technology incubators. 99% occupied with seven years of weighed average lease term (“WALT”), Hastings Healthcare Center provides investors durable cash flow and material embedded upside. Such upside opportunities include the adjacent parking lot that provides developmental potential and the desired Opportunity Zone designation. All inquiries regarding this transaction should be directed to JLL.