For Immediate Release
Cushman & Wakefield’s Gino Lollio and Travis Ives, along with Mike Keane of Cushman & Wakefield Alliance Partner The Boerke Co., Represent Seller
CHICAGO, June 6, 2022 – Cushman & Wakefield announced today that the firm has represented an affiliate of ICA Real Estate Advisors in the sale of Mayfair Health Professional Building to CA Health & Science Trust.
Gino Lollio and Travis Ives of Cushman & Wakefield’s Healthcare Capital Markets Team along with Mike Keane at Cushman & Wakefield’s alliance partner, The Boerke Company, Inc., represented the seller. Citadel Property Advisors assisted with the transaction.
Located at 3077 N. Mayfair Road in Wauwatosa, WI, Mayfair Health Professional Building totals 51,615 square feet and is 92% leased. Tenants include Milwaukee Career College, Orthopedic Institute of Wisconsin, Athletico Physical Therapy, and Medical Diagnostic Imaging. The property was initially developed in 1984 and renovated in 2018.
Mayfair Health Professional Building sits at the intersection of Mayfair Road and Burleigh Street near Milwaukee Regional Medical Center and across the street from the Mayfair Collection, a redeveloped, Whole Foods-anchored lifestyle center. The medical office building (MOB) counts more than 306,000 residents within a 5-mile radius, with an average family income of $118,000 in a one-mile radius.
“Located in an affluent, well-populated pocket of Greater Milwaukee on a heavily trafficked road, this property is well positioned for long-term appreciation,” Lollio said. “The existing presence of a strong local orthopedic clinic and other healthcare providers and proximity to Milwaukee Regional Medical Center positions Mayfair Health Professional Building for long-term leasing demand. This type of well-located MOB with a strong tenant roster will only draw accelerated investor interest as the healthcare sector continues to grow and outperform other sectors.”
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, valuation, and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
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