Fully leased office building in Madison area trades for $27.35M

CHICAGO, Jan. 9, 2024 –  JLL Capital Markets announced today that it 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.

7974 UW Health Court is located in the Greater Madison area, which is one of the country’s most sought-after innovation clusters as a result of the research and innovation fostered at The University of Wisconsin-Madison. This has led numerous leading technology, bioscience and healthcare companies to the city, which has witnessed a 34% growth in population since 2000.

The four-story building is fully leased to UW Health, a nationally recognized, high investment-grade tenant. The building houses the company’s administrative departments, including management, information services, compliance and patient billing services.

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.

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.