WAUWATOSA — Orthopedic Institute
of Wisconsin has signed on to be the anchor business of a
three-story building redevelopment project on Mayfair Road.
Chicago-based HSA Commercial Real Estate announced Tuesday it has
signed a 9,573-square-foot lease with the Orthopedic Institute of
Wisconsin as part of a planned redevelopment at 3077 Mayfair Road.
The Orthopedic Institute will open a 7,125-square-foot flagship
clinic in the western portion of the building’s ground level with a
patient drop-off area and convenient parking to better serve the
practice’s customers. The institute, which will also utilize space
on the building’s third level for administrative operations, is
scheduled to open the new facility in April after relocating from an
existing office nearby.
Purchased by HSA Commercial in partnership with Innovative Capital
Advisors in 2015, the building at 3077 Mayfair Road is located just
east of The Mayfair Collection, a 69-acre mixed-use retail,
residential, restaurant and hotel project developed by HSA
Commercial and anchored by Whole Foods Market, Nordstrom Rack, Saks
Off 5TH, DSW, Ulta and more.
“We view the Orthopedic Institute as the ideal anchor for the first
phase of the redevelopment of this building, which will be focused
on health and wellness including a variety of related retail and
medical uses such as physical therapy, optical, dental, boutique
fitness and more,” said Tim Blum, HSA Commercial Real Estate’s
executive vice president of retail development, in a statement.
“Given the property’s accessibility, visibility and proximity to a
Whole Foods, it is ideally suited to serve the health needs of our
shoppers at The Mayfair Collection and the rest of the Wauwatosa
Construction is scheduled to start in August with planned delivery
to new tenants in early 2018.