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Fully Leased Office Building in Madison Trades for $27M
JLL has closed the $27.35 million sale of 7974 UW Health Court, a 200,000-square-foot, fully leased office building in Middleton, Wisconsin. JLL represented the seller, Investors Associated, LLP, and procured the buyer, AJC Investment Group, a family office located in Bloomfield Hills, Michigan.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Director Jaime Fink. “7974 UW Health Court has an excellent location in a growing innovation district and is occupied on a net basis to a high investment-grade tenant, which drew many interested investors to the process,” said Fink.
The property is located in the Greater Madison area, a hub of research and innovation fostered at The University of Wisconsin-Madison. The four-story building is fully leased to UW Health, a high investment-grade tenant. The building houses the company’s administrative departments, including management, information services, compliance and patient billing services.
