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Chicago & Midwest  + Midwest  + Healthcare  | 

Cushman & Wakefield Arranges $31M Sale of WI Healthcare Facility

Cushman & Wakefield represented Minneapolis-based Sentinel Management Company in its $30.8 million sale of Aurora Health Center Germantown to Nashville-based Montecito Medical.

Cushman & Wakefield’s Gino Lollio, Travis Ives, Sushil Puria, and Tyler Morss, in conjunction with Mike Keane of The Boerke Company, an affiliate of the firm, represented ownership. Aurora Health Center Germantown is a two-building, medical-office property totaling 92,573 square feet located at N112 W17975 Mequon Road and W180 N11070 River Lane in Germantown, Wisconsin, near Milwaukee.

The property’s North Building totals 15,998 square feet on 4.25 acres. In 2016, Aurora converted the 76,585-square-foot South Building from administrative space into a health center. Both properties are fully occupied by Aurora Health Care Inc., a subsidiary of Advocate Health, and operate under long-term, triple-net leases.

“With its attributes, including significant capital investment into the space by the tenant, as well as higher acuity of services provided at this location, the investor interest was strong and very competitive,” said Lollio.

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Cushman & WakefieldThe Boerke CompanySentinel Management CompanyNashville-based Montecito Medical

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.