Mayfair Medical/Aurora Advanced Healthcare | Wauwatosa, WI
OWNER IN CHARGE
Executive Vice President
- Cost: $20,400,000
- Four-story, 60,000 square foot medical office building
- Two-story parking structure with 262 stalls
- Outpatient surgery, endoscopy, radiology, physical therapy
- LEED Silver Certified
Services provided: Joint Venture Partnerships, Site Acquisition, Development Management, Entitlement and Government Approvals, TIF (Tax Incremental Funding), Project Financing, Project Accounting, Construction Management, Real Estate Brokerage and Lease Negotiation, Sale Disposition
VJS had to redesign a building when the shell was already up, while incorporating new heavy loads of orthopedic section and roof, as well as working closely with the city of Wauwatosa on the TIF agreement.
Mayfair Medical Properties, LLC, a joint venture between RAM Realty, LLC and VJS Development Group, LLC developed a new three-story, approximately 60,000 square foot medical office building with on-grade and structured parking for approximately 262 spaces. The project was originally conceived as a multi-tenant medical office building with Radiology Associates of Milwaukee, a project partner, as the anchor tenant. Midway through the process, Aurora Healthcare purchased the medical practice so VJS facilitated a lease negotiation and building redesign to accommodate Aurora as a single tenant. The building is fully occupied by Aurora Healthcare providing such medical services as outpatient surgery, endoscopy, radiology, and physical therapy. The project has achieved a LEED® rating of Silver.
OWNER IN CHARGE