Sila Realty Trust completes acquisition of Burr Ridge medical office building for $60m

Sila Realty Trust announced the acquisition of a 104,912-square-foot medical office building located in Burr Ridge, Ill., for $59.95 million.

The Burr Ridge Healthcare Facility is fully leased to Loyola University Medical Center (LUMC), a nationally ranked academic health system based in Chicago’s suburbs, part of the third-largest metropolitan statistical area in the United States. LUMC is an academic subsidiary of Trinity Health, one of the largest not-for-profit, faith-based health-care systems in the nation.

The Burr Ridge Healthcare Facility was built for LUMC and benefits from its proximity to LUMC’s three affiliated hospitals, including the flagship Loyola University Medical Center with 547 licensed beds. Burr Ridge Healthcare Facility is LUMC’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,