ELLIOTT BAY CAPITAL TRUST, LLC, has acquired the Medical Office Building located at 4355 Montgomery Road in Naperville, IL. The 16,000 square foot building was acquired for $6.6 Million from Montgomery Road Properties, LLC ("MRP").
The single tenant building constructed in 2007, is strategically located on 2 acres of prime street frontage at the intersection of Montgomery Road and IL Rt 59. The building is occupied by Rush Copley Medical Center's Midwest Center for Advanced Imaging. The Midwest Center for Advanced Imaging was established in 2007 and has been at the forefront of patient care since its inception. It has the areas most advanced and accurate technology, including 3-D imaging or tomosynthesis and is consistently recognized by the American College of Radiology for its excellence.
"This property represents a compelling investment opportunity consistent with Elliott Bay's strategy of acquiring mission-critical healthcare facilities leased by premier health systems that are delivering integral services to patients by leading local providers", said Christian Whipple, CEO of Elliott Bay Capital Trust.
The J. Rich Company served as the exclusive listing agent in the transaction for the seller, MRP. Stephen Bell of Grady Bell LLP provided legal counsel to seller.
MRP sold this parcel, one of several properties owned in Illinois, as part of a larger overall real estate strategy in order to grow their presence in Sonoma County, CA. MRP also owns and operates the Capo Creek Ranch winery and vineyard in Healdsburg, CA.
Elliott Bay Capital Trust, LLC:
Elliott Bay Capital Trust is a privately held real estate investment company that invests in mission-critical healthcare real estate assets that are positioned to provide high quality services and satisfy the demands of the future of health care delivery. Elliott Bay's team has acquired more than 80 healthcare properties across the U.S. since the end of 2013 and is financially backed by a leading private investment firm with more than $30 Billion in assets. For more information, please visit www.elliottbaycap.com
MRP is a SFO controlled investment group headquartered in Healdsburg, CA. MRP has a diversified portfolio inclusive of commercial and residential real estate investments in Illinois and California as well as the Capo Creek Ranch Winery and Vineyards. For more information, please visit www.capocreekranch.com
The J. Rich Company, LLC ("JRICH")
The J. Rich Company, LLC is a family run commercial real estate advisory firm based in Chicago, Illinois. JRICH works with clients on a brokerage and consulting basis and has completed client transactions all around the globe. JRICH clients range from single office users, to the Country's fastest growing startups, and Fortune 50 Global Headquarter relocations. For more information, please visit www.jrichrealestate.com
Grady Bell LLP ("Grady Bell")
Grady Bell is a Chicago-based law firm specializing in commercial litigation and business and real estate transactions. Grady Bell offers a dynamic hybrid of large firm expertise and sophistication and small firm dedication and service. Utilizing extensive experience and collective wisdom, Grady Bell delivers creative, strategic and efficient results for their clients. For more information, please visit www.gradybell.com
FOR MORE INFORMATION, CONTACT:
Jason Schulz, CEO or Richard Schulz, President
The J. Rich Company, LLC
Media Contact: Richard Schulz, The J. Rich Company, LLC, 312-876-1000, firstname.lastname@example.org
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SOURCE The J. Rich Company, LLC