Holliday Fenoglio Fowler, L.P. (HFF) announces the $5.979 million sales of Aurora Health Center, a 25,466-square-foot medical office building in Milwaukee, Wisconsin.
The HFF team marketed the property on behalf of the seller, Atkins Companies, and procured the buyer, Healthcare Trust Inc.
Completed in 2000, Aurora Medical Center is a multi-specialty outpatient facility and surgical center that is 95% leased to subsidiaries of Aurora Health Care, the dominant health system in the Greater Milwaukee area. The facility is less than one mile from Aurora’s flagship 882-bed hospital, St. Luke’s Medical Center, and across the street from Wheaton Franciscan Healthcare-St. Francis Hospital. Aurora Medical Center benefits from easy access to Interstates 94 and 43 providing access to the Greater Milwaukee area.
The HFF Healthcare Capital Markets Group represented the seller, which consisted of senior director Ben Appel, managing director Evan Kovac, directors Andrew Milne and Anthony Frogameni, associate Matt DiCesare and senior managing director Jaime Fink.
About Atkins Companies
The Atkins Companies is a New Jersey-based real estate organization active in the development, investment and management of high-quality commercial and residential properties throughout New Jersey and beyond. Atkins specializes in owning and operating medical office buildings throughout the country and continues to look for acquisition opportunities.
About Healthcare Trust Inc. (HTI)
Healthcare Trust, Inc. is a publicly registered, non-traded real estate investment trust which seeks to acquire a diversified portfolio of real estate properties, focusing primarily on healthcare-related assets including medical office buildings, seniors housing and other healthcare-related facilities. Additional information about HTI can be found on its website at www.healthcaretrustinc.com.
About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
CONTACTS:
BEN APPEL
HFF Senior Director
(412) 281-8714
JAIME FINK
WI Lic. #54163
HFF Senior Managing Director
(312) 528-3650
KRISTEN MURPHY
HFF Director, Public Relations
(617) 848-1572
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