Podolsky|Circle CORFAC International Middle Market Investment Team Completes Investment Sale; Hinsdale Medical Office Building Sells to Private Investor
Podolsky|Circle CORFAC International’s Middle Market Investment Team, comprised of Managing Principal Alissa Adler and Principal John R. Homsher, CCIM, have represented a private investment group in the sale of a 14,031 sq. ft. three story multi-tenant medical office building located at 522 Chestnut in Hinsdale, IL.
The buyer, also a private investor, acquired the asset as a stabilized investment and will self-manage. The recent renewal of a long term tenant and expansion of another tenant stabilized the asset and made it an attractive investment.
The seller has made significant improvements to the building, including replacement of all older HVAC units, resealing and restriping the parking lot and a new roof.
Located within walking distance of quaint and bustling downtown Hinsdale, the property caters to medical, dental and professional office tenants looking for convenient access and high visibility; exterior signage can be seen from both the street and the Metra train line.
Adler and Homsher previously handled the investment sales of a 53,844 sq. ft. single story multi-tenant office building in Burr Ridge and a 90,000 sq. ft. industrial/flex building in Huntley.