Tampa REIT pays $59.95 million for Chicago medical building

Sila Realty Trust has bought a 104,912-square-foot medical office building near Chicago.

The Tampa-based REIT paid $59.95 million for the Burr Ridge Healthcare Facility, which is located in Burr Ridge, a suburb about 20 miles southwest of Chicago. The building is fully leased by the Loyola University Medical Center.

Sila, in a statement announcing the purchase, says the three-story building is on 6.9 acres and is Loyola’s “largest ambulatory care facility offering services from primary care and specialists who treat adults and children in several areas of expertise, including cardiology, women’s health, ophthalmology, transplant, neurology, radiology and rehabilitation services such as physical, occupational, speech and cardiac.”