Podolsky|Circle Completes Sale of Medical Office Building in Arlington Heights
Podolsky|Circle CORFAC International Completes Sale of Medical Office Building in Northwest Suburban Arlington Heights
Podolsky|Circle CORFAC International’s Middle Market Investment Team has completed the sale of an office building located in Arlington Heights, Ill. Financial terms of the transaction were not disclosed.
VFC Property 29 LLC, the private investment group sold a 38,532 sq. ft. value-add medical office building located at 2010 Arlington Heights Rd. in Arlington Heights. At the time of the transaction, the building was 55% leased to nine medical space users. The property was acquired by STS Capital.
Alissa Adler, Managing Principal; John R. Homsher, CCIM, Principal; and Paul M. Tesdal, Senior Vice President, all with Podolsky|Circle’s Middle Market Investment Team, represented the seller in partnership with Jack Reardon, Senior Vice President – Leasing, NAI Hiffman. STS Capital represented themselves.