Advocate Buys South Side Land Near Quantum Campus

Related Midwest just cashed out big time, selling a 23-acre South Shore plot to Advocate Medical Group for $15 million — right next door to their $9 billion quantum campus. Advocate’s plan: a 40-bed hospital that could reshape the neighborhood. With the Obama Library and quantum campus looming, South Side property values are skyrocketing. Meanwhile, Advocate snagged another former Planet Fitness in Naperville, now a cardiac surgery center run by Capital Healthcare Properties — a new player formed by ex-Hubbard Street Group folks. This is part of a booming Chicago medical office market, with recent deals hitting $21M for a Hinsdale nursing home and $57M in medical ground leases. Retail spaces are becoming healthcare hubs — and the money’s flowing. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1b20c94a9dda6e3a