WAUKESHA, WI – Transwestern Real Estate Services (TRS) announces the sale of a 21,500-square-foot medical office building at 1211 Dolphin Court in Waukesha, Wisconsin, to General Capital Acquisitions. Transwestern’s Marianne Burish, Shaun Dempsey, Mike Salmen, and Erik Coglianese represented the seller, Four Springs Capital Trust. The building traded for $4,900,000.
1211 Dolphin Court is conveniently located 20 minutes from downtown Milwaukee in one of the metropolitan area’s most vibrant suburbs. It is fully leased by Dental Associates, a dental practice with 15 locations across Eastern Wisconsin.
“We continue to see medical office buildings rise to the top of investors’ lists of preferred asset types due to strong tenant and investor demand,” said Salmen, who leads the Midwest Captial Markets group for Transwestern.
Burish, Executive Vice President in Milwaukee, added, “1211 Dolphin Court’s desirable location and stable tenancy offers General Capital Acquisitions a solid investment.”
The sale of this asset follows several other MOB transactions facilitiated by Transwestern’s Midwest Capital Markets and Asset Strategies group this year. This includes the sale of Maple Grove Executive Plaza and the acquisition of three medical office assets in the Minneapolis-St. Paul metropolitan area.
Photo available for download here.
About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
Media Contact:
Mallory Martin
312.881.7022
mallory.martin@transwestern.com
twmediarelations@transwestern.com
