Matthews™ Sets Illinois Pricing Record with $21.7M Veterinary Portfolio Disposition

CHICAGO, IL—Matthews™, a commercial real estate investment services and technology firm, represented the seller in the $21,700,000 disposition of a three-property veterinary hospital portfolio located across Illinois. Matthews™ Executive Vice Presidents and Senior Directors Michael Moreno and Rahul Chhajed, and Senior Vice President and Director Andrew Evans completed the transaction, which marked the highest sale price for a veterinary portfolio sold in Illinois in the last four years.

Spanning 25,902 square feet, the portfolio is strategically positioned within the high-barrier-to-entry Chicago suburbs of Hinsdale, Downers Grove, and Oswego. The assets are 100% leased to one of the largest pet healthcare operators in North America, providing stable cash flow backed by mission-critical veterinary healthcare real estate.

“Our longstanding relationships in the veterinary sector, combined with our continuous deal flow, enabled us to structure a negotiated package transaction that created a compelling outcome for both sides and ultimately drove a successful closing,” Chhajed said.

Looking to monetize its real estate holdings, the veterinarian ownership group engaged Matthews™ to facilitate the disposition, recognizing the firm’s extensive experience and proven track record within the sector. Executed off-market, Matthews™ leveraged its extensive national investor network to source a qualified buyer seeking long-term veterinary hospital assets, maximizing value for the seller while helping the buyer expand its portfolio.

“This transaction is another example of why our veterinary real estate team continues to be the go-to choice for owners looking to maximize value in this sector,” Evans said. “Our deep market knowledge and client-focused approach consistently deliver exceptional results.”

“The momentum we’ve built in the veterinary real estate sector reflects our deep understanding of the market and the relationships we’ve developed over time,” Moreno said. “Our priority is always to position our clients for the strongest possible outcome, regardless of market conditions or transaction complexity.”

For more information, please contact Michael Moreno, Rahul Chhajed, and Andrew Evans, or visit www.matthews.com.

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.