NAI Hiffman, the largest independent real estate services firm in the Midwest, announced it has been retained to market state-of-the-art medical office space available for lease at Lake Medical Center in Munster, Ind. The firm is marketing the property on behalf of CA Health & Science Trust, Inc. (“CAHST”), which acquired the property in September 2021, with Latitude Commercial serving as NAI Hiffman’s local leasing agent partner.
Located at 9200 Calumet Ave., across from one of the region’s largest hospitals, the 458-bed Community Hospital campus, Lake Medical Center has over 120,000 square feet of existing medical office space featuring multiple ambulatory surgery centers affiliated with top national operators United Surgical Partners International and Tenet Health. Rush University Medical Center has signed a lease and anticipates opening at Lake Medical Center in early 2023. An adjacent vacant land development site, also owned by CAHST, can accommodate a future approximately 40,000-square-foot build-to-suit medical office building.
Prospective tenants can choose from existing available space options ranging from 659 to 8,278 square feet alongside current prominent medical tenants including such groups as Midwest Orthopaedics at Rush, The Center for Minimally Invasive Surgery, Community Hospital Therapy Services, Dermio Dermatology, Great Lakes Surgical Suites and DaVita. Amenities include upgraded lobby space, common areas and landscaping. The property is located in a highly visible and convenient area that includes numerous restaurants and hotels throughout Munster’s very active and expanding Calumet Avenue corridor.
“A growing number of healthcare providers have identified Northwest Indiana as a vibrant market for delivering services, creating a critical mass of large provider investment in the area,” said Brian Edgerton, senior vice president of the healthcare services team at NAI Hiffman. “Proximity to nearby hospitals and I-94, combined with a continued influx of specialty service lines from Chicago-based systems like Rush University Medical Center, make Munster an ideal location for regional patient access.”
“We are pleased to engage in this strategic partnership with NAI Hiffman to market the strong desirability of our Munster property for medical tenants,” said Loriann Duffy, senior vice president of property management for CAHST. “Since acquiring the complex in September 2021 and making substantial investments in upgrading the quality of the campus, we have seen significant interest from prospective tenants, which underscores the continued demand for CAHST’s high-quality medical office facilities. We look forward to working with NAI Hiffman to continue the momentum we have built in making the Lake Medical Campus the premier location in the market for outpatient medical care.”
About NAI Hiffman
NAI Hiffman is one of the largest independent commercial real estate services firms in the US, with a primary focus on metropolitan Chicago, and part of the NAI Global network. We provide institutional and private leasing, property management, tenant representation, capital markets, project services, research, and marketing services for owners and occupiers of commercial real estate. To meet our clients’ growing needs outside of our exclusive NAI Hiffman territory, we launched Hiffman National, our dedicated property solutions division, which provides property management, project services, and property accounting services across the country. NAI Hiffman | Hiffman National is headquartered in suburban Chicago, with more than 200 employees strategically located throughout North America. For more information, please visit hiffman.com.
About CA Health & Science Trust, Inc.
CA Health & Science Trust, Inc. (“CAHST”) is an externally managed private Real Estate Investment Trust (REIT) based in Chicago, Illinois, strategically designed to invest in the acquisition and development of core-plus, value-add medical office and life science facilities across the United States. CAHST currently owns seven medical office buildings with over 410,000 square feet of rentable space, in addition to numerous development parcels for future projects. CAHST is funded by prominent global investment firms Davidson Kempner and Monarch Alternative Capital, and is externally managed by CAHST Management LLC, a global vertically integrated real estate investment management company affiliated with CA Ventures. For more information, visit www.cahstreit.com.
