Newmark completed the sale of a medical outpatient building collection comprising two properties located in suburban Milwaukee, Wisconsin.
Each MOB was purpose-built within the last 10 years and is 100% leased by Children’s Wisconsin, a high-quality, Moody’s Aa3 ranked tenant.
Newmark’s Healthcare Capital Markets practice members Executive Managing Director Ben Appel, Senior Managing Directors John Nero and Michael Greeley, Executive Managing Director Jay Miele, and Associate Director Ron Ott provided support on the transaction. Newmark’s Wisconsin-based Broker of Record John Malloy represented the seller.
The properties are located in strategic suburban markets, home to important patient service areas for the health system. Strong demographics, including number of households, population growth, age trends and a highly insured population continue to aid current and long-term demand drivers for the MOB sector.
