Health Care and Real Estate

Developer sells land in Chicago market to health system

April 30, 2015
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Developer sells land in Chicago market to health system
Downers Grove, Ill.-based Advocate Health Care is one of the five largest health systems in the U.S. Photo via fb.com

A developer in the region has sold land in a master-planned development in suburban Chicago to one of the nation’s largest health systems.

Horizon Group Properties in Norton Shores, south of Muskegon, which develops factory outlet shopping centers across the U.S. and Asia, said last month that it has sold 5.9 acres of land in Huntley, Ill., at the northwest corner of the interchange between I-90 and Illinois Route 47, to Downers Grove, Ill.-based Advocate Health Care, one of the five largest health systems in the U.S. and the largest system in Illinois.

Terms of the deal were not disclosed. 

Advocate Health Care plans to build a roughly 30,000-square-foot medical office on the site, said Phil Waters, VP of development, Horizon Group Properties.

The office will be located about five miles away from Advocate Sherman Hospital, which Advocate purchased within the last year, he said.

Life Spine, a medical device company that makes products for surgical spinal treatments, will also be moving its headquarters to a building adjacent to Advocate’s medical space.

Huntley master plan

The Advocate Health Care medical office is going in as part of the Huntley master-planned development.

Waters said that Horizon Group Properties started with just under 3,000 acres in the area and now almost all of it is spoken for.

Del Webb, which builds retirement communities, purchased about 1,500 acres for its Sun City Huntley development.

The Huntley master-planned development also includes an outlet center, hotel and other retail, industrial and office developments.

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