Thomas Company is pleased to announce the recent sale of a Class-A Office Headquarters leased to ProHealth Care, Inc. on a long-term basis. The 112,000-SF building features a spacious lobby with 12-foot-high ceilings, several collaborative and meeting areas, a garden-level cafeteria, an executive wing, an 18-inch raised floor data center. The tenant had recently signed a long-term lease extension.
ProHealth Care, Inc. is the largest health care provider between Milwaukee and Madison. The community-based health care system has approximately 4,700 employees and 1,000 doctors who treat more than 400,000 patients a year. ProHealth Care provides health care services to southeastern Wisconsin through a network of three hospitals (Waukesha Memorial, Oconomowoc Memorial, and the Rehabilitation Hospital of Wisconsin), about 15 clinics, assisted living facilities (Regency Senior Communities), a rehabilitation partnership, home health care services, and a hospice facility.
The property closed as an off-market transaction. The buyer was in a 1031 exchange and Thomas Company sourced the opportunity based on the buyer’s requirements.
- Long-Term Passive Ownership
- Investment-Grade Credit
- Annual Rent Increases
- Milwaukee MSA
- Mission-Critical Facility