MEDPROPERTIES GROUP ANNOUNCES NEW LEASE SIGNING AND KICKOFF FOR BATAVIA MEDICAL CAMPUS – WEST BUILDING IN BATAVIA, ILLINOIS
June 10, 2010
MedProperties Group has signed a long term lease with Fresenius Medical Care to anchor the second phase of the Batavia Medical Campus. Fresenius is the world’s largest provider of renal dialysis services, expecting 2010 revenues to exceed $12 billion. MedProperties Group will develop a single story, 17,500-square-foot multi-tenant medical office building on the west portion of the five acre Batavia Medical Campus, adjacent to Advocate Health Care’s Dreyer Medical Clinic. Fresenius will occupy approximately 45% of the building. The remaining 9,700 square feet can be divided in up to four separate suites. Arete Knight Architects/Engineers has designed the base building, and Leopardo Companies, Inc. has been selected to build the core and shell. STC Capital of St. Charles will provide the construction financing. The building is expected to be completed in Spring 2011.