Cushman & Wakefield’s Healthcare Capital Markets is pleased to present this investment opportunity for the medical portion of the Class A tower located at 233 East Erie Street, Chicago, IL (Streeterville Center).

Strategically positioned in the Streeterville neighborhood in downtown Chicago, IL, a prominent healthcare hub, the property benefits from its close proximity to major medical facilities, including adjacency to Northwestern Memorial Hospital.

Streeterville Center is an institutionally owned medical office asset spanning 73,776 square feet across eight floors, with two additional levels of sub-grade parking. The building purposefully configured to accommodate a wide array of medical specialties, and presents significant upside potential to increase occupancy from the current rate of 42%. The building features a weighted average lease term (WALT) of 3.04 years, with tenants operating under full service gross leases and annual rent escalations of up to 4.00%. The unmatched location and robust construction of the property provide compelling upside potential for value-add medical investors or for conversion into alternate property types including multifamily, workforce housing, or mixed-use residential and commercial applications.

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