Overview
Avison Young Healthcare Capital Markets is pleased to present the opportunity to acquire the leasehold interest in the Silver Cross Medical Office Portfolio. This three-building collection encompasses 116,921 rentable square feet situated on the growing campus of Silver Cross Hospital (S&P: A-; Moody’s: Baa1) in New Lenox, Illinois. With two of the subject buildings (Pavilion B and Pavilion C) directly connected to the hospital’s 348-bed acute care facility via the common lobby and all of the buildings on the campus, the portfolio benefits from its location on one of the Chicago MSA’s most prominent regional medical campuses.
Investment Highlights
100% Occupied, 3-Building On-Campus Portfolio — 116,921 SF across Pavilions B, C & D on Silver Cross Hospital's 130-acre New Lenox, IL campus.
68% Investment-Grade Tenancy — Anchored by Silver Cross (S&P: A-), UChicago Medicine (S&P: A+), and Lurie Children's Hospital (S&P: AA).
Long term WALT with Built-In Growth — 100% NNN leases with 2–3% contractual annual escalations; UChicago Medicine committed through October 2041.
Mission-Critical Clinical Uses — 8 tenants across 10+ specialties including oncology, pediatrics, orthopedics, and urgent care with costly, immovable build-outs reinforcing retention.
High-Growth Suburban Chicago Location— Will County submarket with $140,865 median household income, strong I-355/Route 6 visibility, and a newly opened $70M adjacent sports complex.
