Dental Associates Medical Building

Commercial

1211 Dolphin Ct – Waukesha, WI

← Back to Results

2024

Year Acquired

21,500 SF

Commercial Space

In June 2024, General Capital and Dr. Tom Manos, the owner of Dental Associates, jointly acquired the Waukesha Dental Associates Medical Office Building. Dental Associates, the sole tenant, serves families across Eastern Wisconsin through 15 convenient locations, with over 800 employees, and enjoys a great reputation.

The 21,500 square foot state-of-the-art building was constructed in 2016 and is well located off a major highway, proximate to downtown, and in a rapidly growing submarket. This particular location in Waukesha, features 53 dental chairs to accommodate a wide range of dental services including dental specialties such as orthodontics, pediatric dentistry, oral surgery and more, allowing patients to receive coordinated care from one location.

While there were only 7 years remaining on the lease during due diligence, General Capital and Dental Associates extended the lease at closing, creating additional value. The deal was structured as a 50/50 Tenant-In-Common thus allowing maximum flexibility in ownership decisions. General Capital Management serves as the manager of the property.

KEY THEMES

The project was a specialty build-to-suit designed for Genoa Healthcare’s advanced pharmaceutical operations.
The facility supports patient-specific medication packaging for assisted living and healthcare providers.
General Capital and Design2Construct led a fully integrated design-build delivery approach.
The development required precise coordination to meet specialized life sciences and operational needs.
The project reflects strong alignment with a leading national healthcare provider.

RESULTS

The facility was delivered in less than 12 months from concept to completion.
The building houses Genoa’s latest generation pharma packaging systems.
General Capital served as both landlord and design-build contractor for the project.
The development supports a national leader in behavioral health pharmacy services.
The project strengthens operational efficiency for medication distribution across care networks.