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Randolph Equities to Break Ground on State of the Art Medical Center in Space Starved Near West Chicago Suburbs
Date:9/25/2007

New Building provides Medical Office space for Doctors, Healthcare

Specialists, and Medical Professionals

CHICAGO, Sept. 25 /PRNewswire/ -- Randolph Equities has answered the emergency call for medical space in the Near West Suburban market with the development of the Oakbrook Medical Center, which will make 85,000 square feet of class A, medical office space available in Oakbrook Terrace. This incredible new facility is designed to meet the needs of medical practices in the technology-driven marketplace of the 21st Century. Ground breaking is scheduled to occur in late fall 2007, with a targeted completion date of August 2008. Randolph Equities will be offering up to one full year rent abatement with select pre-construction leases.

Oakbrook Medical Center rents are in the mid-twenty dollar per square foot range, well below other comparable medical offices in the area. With nearly every square foot of Class A medical space in the Near West suburbs of Chicago wait listed, Oakbrook Medical Center is expected to fill up in a matter of months.

"We spoke with local medical professionals and developed the kind of building that they wanted; with everything from its stunning 4-story soaring all glass atrium entry way, private underground parking for the tenants, customized suites, to its over-sized elevators that will accommodate wheelchairs and rolling beds. Above all they wanted a medical center that provides the type of powerful infrastructure needed by physicians and groups practicing at the forefront in the 21st Century," says F. Adam Sharif, CEO of Randolph Equities.

As a result Randolph Equities, working with DLR Group, the building's design architects, has developed a state of the art medical complex with the types of systems that are needed to meet the demands of today's practitioners. The complex is equipped with a robust electrical system, featuring back-up generators to meet the distinct needs of tenants perf
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SOURCE Randolph Equities
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