Beachwood water tower building sold, will provide medical services

BEACHWOOD, OH – The Water Tower Building in Beachwood is officially off the real estate market.

It was recently purchased by two physicians, Miodrag Zivic, MD, CEO of Cleveland Primecare and Eric Wolk, DC, owner and founder of Great Lakes Physical Medicine. Chris Grimaldi, founder and owner of Grimaldi Property Management, was the third partner in the transaction.

The three-story office building is located at 25200 Boulevard Chagrin and has nearly 30,000 square feet of office space with tenants in the medical, legal, wealth management and real estate industries. The building also houses the aesthetic activity of Cleveland Primecare.

“The building’s layout and prime location lends itself to strong tenants related to retail and services,” said Zivic. “We look forward to the grand opening of our detailing business while integrating our brand into all of our business units.”

Future plans for the construction of the building include a renovated primary care physicians’ clinic, a physical medicine rehabilitation and performance center, as well as additional ancillary medical services including a phlebotomy laboratory and a psychiatric clinic.

Buyers also plan to offer premium MedSpa services, which will include non-surgical facelifts, Botox, skin rejuvenation and anti-aging treatments, skin fillers and massage therapy.

“We have assembled a like-minded, skilled and experienced team to not only provide an ideal location for local businesses, but also to create an all-in-one private medical option,” explained Dr Wolk.


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