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| API Healthcare Headquarters, Hartford, WI |
HARTFORD, WI –
Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment
services firm with offices throughout the United States and Canada, announced
the sale of a triple-net-leased, 73,756-square-foot office property in
Hartford, Wis.
The $13 million sales price equates to $176 per square foot.
Jeff
Rowlett, vice president investments, Joe Powers, associate and Jeremy
Osting, associate, all in Marcus & Millichap’s Milwaukee office,
represented the seller. Rowlett and Powers also represented the buyer. Rowlett,
Osting and Powers have collectively closed $30 million in investment real
estate sales in August and September this year.
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“The
property is the corporate headquarters of API Healthcare Inc., a company that
has been located in Hartford for more than 30 years,” says Rowlett.
The building is situated on nearly 22 acres at 1550
Innovation Way in Hartford, Wis. Access to Highway 41 is nearby. Neighboring
firms include Quad/Graphics Inc., Helgesen Industries Inc. and Signicast
Investment Castings.
“Selling a property of this magnitude in a small market
requires an active sales process and an engaged salesforce,” says Matt
Fitzgerald, first vice president and regional manager of the firm’s Milwaukee
office.
“Our culture of information sharing and ability to deliver
information directly to private investors nationwide created superior results
for our client.”
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| Matt Fitzgerald |
Built to suit for API Healthcare Inc. in 2004, the firm has
occupied the property since 2006.
In February 2014, API Healthcare was
purchased by GE Healthcare.
GE Healthcare has more than 10,000 employees and
retirees in Wisconsin and generates $3.8 billion in economic impact in
Wisconsin annually.
For a complete copy of the company’s news release, please
contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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