Beachwood Water Tower Building Sold, Will Offer 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, president and 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, served as a third partner in the transaction.

The three-story office building is located at 25200 Chagrin Boulevard and has nearly 30,000 square feet of office space with tenants in the medical, legal, wealth management and real estate sectors. The building also serves as the home of Cleveland Primecare's esthetic business.

"The building's layout and prime location lends itself to strong retail and service related tenants," Zivic said. "We look forward to the grand opening of our esthetic business while incorporating our brand within all of our business units."

Future construction plans for the building include a renovated primary care physician clinic, physical medicine rehab and performance center, and additional adjunct medical services including a phlebotomy lab, and a psychiatric clinic.

The buyers also plan to offer a high-end MedSpa services, which will include non-surgical facelifts, Botox, skin rejuvenation and anti-aging treatments, dermal fillers and massage therapy.

"We brought together a like-minded, skilled and experienced team to not only provide a great location for local businesses but to also build an all-in-one private medical option,” Dr. Wolk explained.