{"id":27650,"date":"2020-05-07T14:54:23","date_gmt":"2020-05-07T12:54:23","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=27650"},"modified":"2025-03-25T14:14:34","modified_gmt":"2025-03-25T11:14:34","slug":"mll-capital-500m-medical-office-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/mll-capital-500m-medical-office-portfolio\/","title":{"rendered":"MLL Capital on its Way to $500M Medical Office Portfolio"},"content":{"rendered":"

MLL Capital has started\u00a0building\u00a0a $500 million portfolio of institutional assets in the medical office, laboratory and life sciences sector.\u00a0The investment firm\u00a0recently\u00a0purchased\u00a0the Ravenswood Professional Building\u00a0\u2014\u00a0a medical office building\u00a0in the Ravenswood neighborhood on the north side of Chicago<\/a>\u00a0\u2014\u00a0for\u00a0$13.85 million.<\/p>\n

\"Ravenswood<\/a>

Ravenswood Professional Building \u2014 1945 W. Wilson Ave.<\/p><\/div>\n

The Boston-based commercial real estate investment firm\u00a0plans\u00a0to\u00a0rebrand\u00a0the building as the Ravenswood Medical Center.\u00a0Current tenants\u00a0of the 63,000-square-foot property include\u00a0Advocate Children\u2019s Medical Group, part of Advocate Healthcare,\u00a0Illinois\u2019 largest health system, as well as\u00a0CAM Medical Group and\u00a0HearUSA.<\/p>\n

Built in 1972 as part of the former Ravenswood Hospital, the seven-story building features an on-site parking garage and\u00a0is within blocks of the\u00a0CTA Brown line at Damen and the Metra commuter rail\u2019s Union Pacific North line\u00a0at Ravenswood.<\/p>\n

\"Advocate<\/a>

Medical Office Building at Advocate Sherman Hospital \u2014 1435 N. Randall Rd., Elgin, IL<\/p><\/div>\n

The acquisition\u00a0follows\u00a0MLL Capital\u2019s December 2019 purchase\u00a0of a\u00a0four-property portfolio, which added more than\u00a0250,000 square feet of medical office space to the company\u2019s national footprint. Those properties are located in the Chicago, Minneapolis, Nashville and Washington, D.C. markets. That deal included\u00a0more than 95,000 square feet of medical office space at Advocate Sherman Hospital in Elgin, Ill.;\u00a037,000 square feet at Sterling Medical Office Building in Sterling, Va.;\u00a0and 60,000 square feet at High Pointe Health Campus in Lake Elmo, Minn., among others.<\/p>\n

While all real estate sectors have been deeply affected by COVID-19, the pandemic has shined an even brighter light on the importance of healthcare and medical space. As such, the future of healthcare and life science facilities has a very promising value-add outlook. These sectors are also quite resilient, making them attractive investment opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"

MLL Capital has started\u00a0building\u00a0a $500 million portfolio of institutional assets in the medical office, laboratory and life sciences sector.\u00a0The investment firm\u00a0recently\u00a0purchased\u00a0the Ravenswood Professional Building\u00a0\u2014\u00a0a medical office building\u00a0in the Ravenswood neighborhood on the north side of Chicago\u00a0\u2014\u00a0for\u00a0$13.85 million. The Boston-based commercial real estate investment firm\u00a0plans\u00a0to\u00a0rebrand\u00a0the building as the Ravenswood Medical Center.\u00a0Current tenants\u00a0of the 63,000-square-foot property include\u00a0Advocate…<\/p>\n","protected":false},"author":63,"featured_media":27655,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,38,39],"tags":[],"class_list":["post-27650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-office","wpautop"],"acf":[],"yoast_head":"\nMLL Capital on its Way to $500M Medical Office Portfolio<\/title>\n<meta name=\"description\" content=\"MLL Capital is\u00a0building\u00a0a $500 million portfolio of assets in the medical office sector.\u00a0They\u00a0purchased Ravenswood Professional Building\u00a0for\u00a0$13.85M.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/mll-capital-500m-medical-office-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MLL Capital on its Way to $500M Medical Office Portfolio\" \/>\n<meta property=\"og:description\" content=\"MLL Capital is\u00a0building\u00a0a $500 million portfolio of assets in the medical office sector.\u00a0They\u00a0purchased Ravenswood Professional Building\u00a0for\u00a0$13.85M.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/mll-capital-500m-medical-office-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-07T12:54:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-25T11:14:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/shutterstock_360479267.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Patrick McGregor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Patrick McGregor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/mll-capital-500m-medical-office-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/mll-capital-500m-medical-office-portfolio\\\/\"},\"author\":{\"name\":\"Patrick McGregor\",\"@id\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/#\\\/schema\\\/person\\\/c4b8bd92d517f49f64d90afedab8ec29\"},\"headline\":\"MLL Capital on its Way to $500M Medical Office Portfolio\",\"datePublished\":\"2020-05-07T12:54:23+00:00\",\"dateModified\":\"2025-03-25T11:14:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/mll-capital-500m-medical-office-portfolio\\\/\"},\"wordCount\":310,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/mll-capital-500m-medical-office-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/wp-content\\\/uploads\\\/sites\\\/10\\\/shutterstock_360479267.jpg\",\"articleSection\":[\"Commercial Real Estate News\",\"Deals\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/mll-capital-500m-medical-office-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/mll-capital-500m-medical-office-portfolio\\\/\",\"name\":\"MLL Capital on its Way to $500M Medical Office Portfolio\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/mll-capital-500m-medical-office-portfolio\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/mll-capital-500m-medical-office-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/wp-content\\\/uploads\\\/sites\\\/10\\\/shutterstock_360479267.jpg\",\"datePublished\":\"2020-05-07T12:54:23+00:00\",\"dateModified\":\"2025-03-25T11:14:34+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/#\\\/schema\\\/person\\\/c4b8bd92d517f49f64d90afedab8ec29\"},\"description\":\"MLL Capital is\u00a0building\u00a0a $500 million portfolio of assets in the medical office sector.\u00a0They\u00a0purchased Ravenswood Professional Building\u00a0for\u00a0$13.85M.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/mll-capital-500m-medical-office-portfolio\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/mll-capital-500m-medical-office-portfolio\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/mll-capital-500m-medical-office-portfolio\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/wp-content\\\/uploads\\\/sites\\\/10\\\/shutterstock_360479267.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/wp-content\\\/uploads\\\/sites\\\/10\\\/shutterstock_360479267.jpg\",\"width\":1280,\"height\":500,\"caption\":\"MLL Capital Medical Office\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/mll-capital-500m-medical-office-portfolio\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MLL Capital on its Way to $500M Medical Office Portfolio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/\",\"name\":\"CommercialCafe\",\"description\":\"Your Commercial Real Estate Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/#\\\/schema\\\/person\\\/c4b8bd92d517f49f64d90afedab8ec29\",\"name\":\"Patrick McGregor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f5b90aa64c1da6b7d4a441251c5a4e3fe2d972d8c339810e2eea50def586669b?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f5b90aa64c1da6b7d4a441251c5a4e3fe2d972d8c339810e2eea50def586669b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f5b90aa64c1da6b7d4a441251c5a4e3fe2d972d8c339810e2eea50def586669b?s=96&d=mm&r=g\",\"caption\":\"Patrick McGregor\"},\"description\":\"Patrick McGregor is a senior writer covering the real estate industry and overall economic trends in the United States for several Yardi product publications. He also holds an MBA from Thunderbird School of Global Management. Patrick was previously a commercial real estate analyst at Yardi Matrix for five years. His work has appeared in the New York Times, Bisnow, GlobeSt, The Real Deal, Business Insider, The Denver Post, The Motley Fool, and more.\",\"sameAs\":[\"patrick.mcgregor@yardi.com\"],\"url\":\"https:\\\/\\\/www.commercialcafe.com\\\/blog\\\/author\\\/patrickmcgregor\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"MLL Capital on its Way to $500M Medical Office Portfolio","description":"MLL Capital is\u00a0building\u00a0a $500 million portfolio of assets in the medical office sector.\u00a0They\u00a0purchased Ravenswood Professional Building\u00a0for\u00a0$13.85M.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialcafe.com\/blog\/mll-capital-500m-medical-office-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"MLL Capital on its Way to $500M Medical Office Portfolio","og_description":"MLL Capital is\u00a0building\u00a0a $500 million portfolio of assets in the medical office sector.\u00a0They\u00a0purchased Ravenswood Professional Building\u00a0for\u00a0$13.85M.\u00a0","og_url":"https:\/\/www.commercialcafe.com\/blog\/mll-capital-500m-medical-office-portfolio\/","og_site_name":"CommercialCafe","article_published_time":"2020-05-07T12:54:23+00:00","article_modified_time":"2025-03-25T11:14:34+00:00","og_image":[{"width":1280,"height":500,"url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/shutterstock_360479267.jpg","type":"image\/jpeg"}],"author":"Patrick McGregor","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Patrick McGregor","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialcafe.com\/blog\/mll-capital-500m-medical-office-portfolio\/#article","isPartOf":{"@id":"https:\/\/www.commercialcafe.com\/blog\/mll-capital-500m-medical-office-portfolio\/"},"author":{"name":"Patrick McGregor","@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/c4b8bd92d517f49f64d90afedab8ec29"},"headline":"MLL Capital on its Way to $500M Medical Office Portfolio","datePublished":"2020-05-07T12:54:23+00:00","dateModified":"2025-03-25T11:14:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialcafe.com\/blog\/mll-capital-500m-medical-office-portfolio\/"},"wordCount":310,"image":{"@id":"https:\/\/www.commercialcafe.com\/blog\/mll-capital-500m-medical-office-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/shutterstock_360479267.jpg","articleSection":["Commercial Real Estate News","Deals","Office"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialcafe.com\/blog\/mll-capital-500m-medical-office-portfolio\/","url":"https:\/\/www.commercialcafe.com\/blog\/mll-capital-500m-medical-office-portfolio\/","name":"MLL Capital on its Way to $500M Medical Office Portfolio","isPartOf":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialcafe.com\/blog\/mll-capital-500m-medical-office-portfolio\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialcafe.com\/blog\/mll-capital-500m-medical-office-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/shutterstock_360479267.jpg","datePublished":"2020-05-07T12:54:23+00:00","dateModified":"2025-03-25T11:14:34+00:00","author":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/c4b8bd92d517f49f64d90afedab8ec29"},"description":"MLL Capital is\u00a0building\u00a0a $500 million portfolio of assets in the medical office sector.\u00a0They\u00a0purchased Ravenswood Professional Building\u00a0for\u00a0$13.85M.\u00a0","breadcrumb":{"@id":"https:\/\/www.commercialcafe.com\/blog\/mll-capital-500m-medical-office-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialcafe.com\/blog\/mll-capital-500m-medical-office-portfolio\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialcafe.com\/blog\/mll-capital-500m-medical-office-portfolio\/#primaryimage","url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/shutterstock_360479267.jpg","contentUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/shutterstock_360479267.jpg","width":1280,"height":500,"caption":"MLL Capital Medical Office"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialcafe.com\/blog\/mll-capital-500m-medical-office-portfolio\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialcafe.com\/blog\/"},{"@type":"ListItem","position":2,"name":"MLL Capital on its Way to $500M Medical Office Portfolio"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialcafe.com\/blog\/#website","url":"https:\/\/www.commercialcafe.com\/blog\/","name":"CommercialCafe","description":"Your Commercial Real Estate Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/c4b8bd92d517f49f64d90afedab8ec29","name":"Patrick McGregor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/f5b90aa64c1da6b7d4a441251c5a4e3fe2d972d8c339810e2eea50def586669b?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f5b90aa64c1da6b7d4a441251c5a4e3fe2d972d8c339810e2eea50def586669b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5b90aa64c1da6b7d4a441251c5a4e3fe2d972d8c339810e2eea50def586669b?s=96&d=mm&r=g","caption":"Patrick McGregor"},"description":"Patrick McGregor is a senior writer covering the real estate industry and overall economic trends in the United States for several Yardi product publications. He also holds an MBA from Thunderbird School of Global Management. Patrick was previously a commercial real estate analyst at Yardi Matrix for five years. His work has appeared in the New York Times, Bisnow, GlobeSt, The Real Deal, Business Insider, The Denver Post, The Motley Fool, and more.","sameAs":["patrick.mcgregor@yardi.com"],"url":"https:\/\/www.commercialcafe.com\/blog\/author\/patrickmcgregor\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/shutterstock_360479267.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/27650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/users\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/comments?post=27650"}],"version-history":[{"count":7,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/27650\/revisions"}],"predecessor-version":[{"id":27663,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/27650\/revisions\/27663"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/media\/27655"}],"wp:attachment":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/media?parent=27650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/categories?post=27650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags?post=27650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}