Bauman & Company, LLC, an Atlanta-based real estate firm specializing in acquiring, leasing and managing medical office buildings, has expanded into Illinois with three medical office buildings in Elgin and Aurora. Two of the buildings are located on the AMITA Health Saint Joseph Hospital Elgin campus and the third building is located on the AMITA Health Mercy Medical Center Aurora campus.
“We are extremely pleased to have acquired an extraordinary portfolio of medical office buildings located on two AMITA Health campuses,” said Billy Bauman, founder of Bauman & Company. “These properties are a valuable addition to our portfolio, and we look forward to continuing our expansion in the Midwest.”
Collectively totaling 125,000 square feet, the facilities are currently in the design phase for renovations to the common areas with construction slated to start in the fourth quarter of this year. The firm plans to make multiple improvements, including flooring, wall coverings, restrooms, signage, electronic directories, lighting and more. Bauman & Company has taken over the management of these properties with leasing being handled by local medical office specialist, O’Donnell Commercial Real Estate Inc.
“Since 2013, Bauman & Company and its strong group of investors have acquired 11 well-located medical office buildings,” said Howard Feinsand, Senior Partner of Bauman & Company. “Each medical office building is located in a growing market, with a high quality and financially sound hospital of significant size serving as a source of stability and opportunity. AMITA Health is a first-class provider of services crucially needed by its geography and demography, and we hope to support its future real estate requirements.”
