{"id":1004697069,"date":"2024-01-10T02:28:02","date_gmt":"2024-01-10T10:28:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004697069"},"modified":"2024-01-10T02:28:05","modified_gmt":"2024-01-10T10:28:05","slug":"wisconsin-office-asset-trades-for-27m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wisconsin-office-asset-trades-for-27m\/","title":{"rendered":"Wisconsin Office Asset Trades for $27M"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a348b0733583&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-medium is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004697070\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/wisconsin-office-asset-trades-for-27m\/7974-uw-health-group\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/7974-UW-Health-Group-e1704871042478.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"7974 UW Health Group\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;7974 UW Health Group includes 40,000 square feet of industrial space. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/7974-UW-Health-Group-e1704871042478.jpg?w=1000\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"225\" width=\"300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/7974-UW-Health-Group.jpg?w=300\" alt=\"7974 UW Health Group\" class=\"wp-image-1004697070\" style=\"width:400px\"\/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">7974 UW Health Court includes 40,000 square feet of industrial space. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p><strong>AJC Investment Group <\/strong>has purchased 7974 UW Health Court, a 200,000-square-foot office building Middleton, Wis., for $27.4 million.<strong> JLL <\/strong>represented the seller, <strong>Investors Associated LLP<\/strong>, also procuring the buyer.<\/p>\n\n\n\n<p>Completed in 2008, the four-story building includes 40,000 square feet of industrial space. The property also features a fitness center and 656 parking spaces, according to CommercialEdge data. In 2013, it became subject to a $18.9 million 10-year loan from <strong>Everbank<\/strong>, the same source shows. It is fully leased to <strong>UW Health<\/strong>.<\/p>\n\n\n\n<p>7974 UW Health Court is near Interstate 12 and roughly 8 miles from Madison, Wis. It is also less than 2 miles from the Middleton Municipal Airport and 6 miles from the University of Wisconsin-Madison. It is adjacent to a Costco Wholesale and other retail options.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-office-investment-in-the-midwest\">Office investment in the Midwest<\/h2>\n\n\n\n<p>JLL Senior Managing Director Jaime Fink led the team that represented Investors Associated in the transaction. Last year, Fink was involved in the <a href=\"https:\/\/www.commercialsearch.com\/news\/cincinnati-office-portfolio-trades-for-78m\/\">$78 million sale of an office portfolio <\/a>previously owned by the Cincinnati Children\u2019s Hospital.<\/p>\n\n\n\n<p>Year-to-date through November, Chicago registered the highest investment volume across Midwestern markets at $992 million. However, properties traded at an average price of $102 per square foot, almost half the national figure of $193, according to <a href=\"https:\/\/www.commercialsearch.com\/news\/office-sector-faces-surging-loan-defaults-amidst-market-challenges\/\">a recent CommercialEdge report<\/a>. The highest prices in the region were recorded in the Twin Cities, at $197 per square foot, with a total investment of $583 million, the same source shows.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The building is fully leased to a single tenant.<\/p>\n","protected":false},"author":3120,"featured_media":1004697070,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,13,21742,21747],"tags":[32796],"class_list":["post-1004697069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midwest","category-latest","category-office","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wisconsin Office Asset Trades for $27M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"AJC Investment Group has purchased 7974 UW Health Court, a 200,000-square-foot office building in the Madison, Wis., area for $27.4 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/wisconsin-office-asset-trades-for-27m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wisconsin Office Asset Trades for $27M\" \/>\n<meta property=\"og:description\" content=\"AJC Investment Group has purchased 7974 UW Health Court, a 200,000-square-foot office building in the Madison, Wis., area for $27.4 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/wisconsin-office-asset-trades-for-27m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-10T10:28:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-10T10:28:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/7974-UW-Health-Group-e1704871042478.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Radu Corfus\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wisconsin-office-asset-trades-for-27m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wisconsin-office-asset-trades-for-27m\/\",\"name\":\"Wisconsin Office Asset Trades for $27M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wisconsin-office-asset-trades-for-27m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wisconsin-office-asset-trades-for-27m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/7974-UW-Health-Group-e1704871042478.jpg\",\"datePublished\":\"2024-01-10T10:28:02+00:00\",\"dateModified\":\"2024-01-10T10:28:05+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a04f9fc8d7ed936167c8786eb77e39c2\"},\"description\":\"AJC Investment Group has purchased 7974 UW Health Court, a 200,000-square-foot office building in the Madison, Wis., area for $27.4 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wisconsin-office-asset-trades-for-27m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/wisconsin-office-asset-trades-for-27m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wisconsin-office-asset-trades-for-27m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/7974-UW-Health-Group-e1704871042478.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/7974-UW-Health-Group-e1704871042478.jpg\",\"width\":1000,\"height\":750,\"caption\":\"7974 UW Health Group includes 40,000 square feet of industrial space. 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