Healthcare building within The Illinois Science + Technology park trades
JLL Capital Markets led sales efforts for 4901 Searle Parkway in Skokie, Illinois
CHICAGO, Nov. 19, 2021 – JLL Capital Markets announced today that it has closed the sale of 4901 Searle Parkway, a 228,362 rentable-square-foot healthcare building located within The Illinois Science + Technology Park in Skokie, Illinois.
JLL represented the seller, American Landmark Properties. The buyer was TopMed Realty, a private equity firm focused on healthcare real estate.
Situated within the 22.6-acre master-planned Illinois Science + Technology Park, 4901 Searle Parkway originally served as the headquarters to pharmaceutical giant G.D. Searle. Today, following transformative capital improvements and the success of the campus, the property is leased to investment grade and nationally recognized healthcare tenant, NorthShore University HealthSystem.
The JLL Capital Markets team representing the seller was led by Sam DiFrancesca, Patrick Shields, Jaime Fink, Jeffrey Bramson, Bruce Miller and Brian Shanfeld.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About American Landmark
American Landmark Properties is a real estate investment group with a 35-year track record of delivering consistently strong returns to its investors. The company’s acquisition philosophy is to seek and acquire value-add and opportunistic mid-cap office, industrial and multifamily properties in the Midwest and East Coast. Its skills and expertise include syndication, financing, leasing, sales and marketing, repositioning, renovation property/asset management and disposition. For more information, please visit: americanlandmark.com.
About TopMed Realty
TopMed Realty is a value-oriented private equity firm focused on healthcare real estate. The company seeks properties in growing, high barrier to entry markets, with strong demographics and affiliation with best‐in‐class medical tenants and hospital systems. To learn more, please visit: topmedrealty.com.