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| 4901 Searle Parkway, Skokie, IL |
CHICAGO, IL, 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.
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| Sam DiFrancesca |
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.
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| Patrick Shields |
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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| Jaime Fink |
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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.
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| Jeffrey Bramson |
Its skills and expertise include syndication, financing, leasing, sales and marketing, repositioning, renovation property/asset management and disposition.
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.
CONTACT:
Kristen Murphy
Senior Manager, Public Relations, Investor
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Boston, MA 02109
T +1 617 848 1572
M +1 617 543 4873
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