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Investors buy suburban Chicago shopping center, land medical tenant to fill vacancy

Capital Healthcare Properties and HSG Medical acquire property in Lombard, Illinois
Much of this shopping center at 2830 S. Highland Ave. in Lombard, Illinois, will be converted to medical use. (Emilia Czader/CoStar)
Much of this shopping center at 2830 S. Highland Ave. in Lombard, Illinois, will be converted to medical use. (Emilia Czader/CoStar)
CoStar News
May 6, 2025 | 3:19 P.M.

A Chicago joint venture formed to develop medical properties has bought a shopping center in the western suburbs out of financial distress and signed a large physicians group to fill a huge vacancy.

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