Chicago, IL – November 3, 2020 – – VCRE announced today that it closed the sale of an 18,000 SF development site in the Northalsted neighborhood of Chicago.
VCRE represented the buyer, Howard Brown Health, Chicago’s premier LGBTQ nonprofit healthcare organization, in acquiring 3501 N. Halsted Street, Chicago. Construction will soon begin on a 71,000 SF medical office building encompassing primary care and dental clinics, pharmacy, behavioral health, administrative offices and ground floor retail.
“The transaction is the culmination of a three-year site selection process,” said Daniel Nack, Principal of VCRE. “The new facility will enable Howard Brown Health to provide its full range of services in one location. With 200 feet of frontage along Halsted Street, it will enhance the economic vitality and quality of life in the neighborhood formerly known as Boystown.”
“As the need for LGBTQ affirming healthcare services continues to grow, Howard Brown is responding with bold plans that will increase capacity citywide to serve more people than ever before,” said David Ernesto Munar, President and CEO of Howard Brown Health. “Our patients deserve compassionate and culturally competent care, timely appointment scheduling, shorter wait times for sexual and behavioral healthcare, and social services that affirm the whole person. We’re excited to take the next steps towards making our model of care more accessible for all who seek our services.”
The seller was represented by Elizabeth Pyle of Compass. The purchase price was not disclosed.
VCRE, LLC is a boutique real estate brokerage firm founded by industry veterans William Tom and Daniel Nack. The firm serves a select clientele with the flexibility and value that only a smaller firm can provide. The firm’s bedrock philosophy is that real estate advisors must strive to understand their clients’ needs and provide tenacious representation.
Managing Principal William Tom is a Vietnam War veteran and the son of a Flying Tiger. As a veteran-owned and minority-owned company, VCRE leverages its extensive national experience to provide real estate services to the corporate clients and the public sector. For more information, visit https://vetcre.com/.
About Howard Brown Health:
Howard Brown Health exists to eliminate the disparities in healthcare experienced by lesbian, gay, bisexual and transgender people through research, education and the provision of services that promote health and wellness. Howard Brown is the largest LGBTQ organization in the Midwest, providing primary and specialty healthcare, social services, and infectious disease screenings to more than 35,000 people each year. The 11 clinics and three resale stores span the City of Chicago, from Englewood to Rogers Park. For more information, visit howardbrown.org.