NexCore Group LP
Corporate Headquarters
1621 18th Street
Suite 250
Denver, CO 80202

303.244.0700 main
303.244.0720 fax


East Coast Office
2 East Read Street
Baltimore, MD 21202

410.244.5426 main
410.244.5428 fax


Midwest Office
5600 North River Road
Suite 800
Chicago, IL 60018

847.993.3001 main
847.292.4404 fax

info@nexcoregroup.com


Alexian Brothers Medical Center MOB

Elk Grove Village, IL

In order to recruit and retain physicians to enhance the delivery of medical services to the community of Elk Grove Village and the surrounding Chicago suburbs, Alexian Brothers Medical Center is developing a state-of-the-art, comprehensive outpatient medical mall and new parking structure.

The project will include comprehensive imaging and non-invasive diagnostics, a cardiology center of excellence, a neurosciences center of excellence, one-stop pre-surgical assessment, women’s and pediatric services, outpatient pharmacy, sidewalk cafe, educational resource and conference center as well as an integral 580-car parking structure.

Project Deal Structure

NexCore Group is developing the medical office building, coordinating its interface and connection to inpatient hospital, outpatient medical mall, and the parking structure. The development entails structuring third-party at-risk ownership, raising the equity, procuring financing, conceptual planning, assistance in securing the Certificate of Need, pricing, leasing, selection of architect, engineers and construction manager, tenant coordination as well as ongoing asset and property management.

Details

Original ClientAlexian Brothers Medical Center
ArchitectProteus Group
ContractorPower Construction
Asset ManagerNexCore Properties LLC
Property ManagerNexCore Properites LLC
Hospital SystemAlexian Brothers Hospital Network
Building Area67,700 GSF
DurationSeptember 2004 - June 2005