Home Industries Real Estate REIT sells pair of Milwaukee-area Froedtert clinics for $19.8 million

REIT sells pair of Milwaukee-area Froedtert clinics for $19.8 million

By
Andrew Weiland
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Springdale Health Center cropped

An affiliate of New York-based real estate investment trust Broadstone Net Lease Inc. has sold a pair of Froedtert & the Medical College of Wisconsin clinic buildings in the Milwaukee area to Chicago-based health care real estate company Remedy Medical Properties Inc. for $19.8 million, according to state records. The Springdale Health Center, located at

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Andrew Weiland
Andrew is the editor of BizTimes Milwaukee. He joined BizTimes in 2003, serving as managing editor and real estate reporter for 11 years. A University of Wisconsin-Madison graduate, he is a lifelong resident of the state. He lives in Muskego with his wife, Seng, their son, Zach, and their dog, Hokey. He is an avid sports fan and is a member of the Muskego Athletic Association board of directors.
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An affiliate of New York-based real estate investment trust Broadstone Net Lease Inc. has sold a pair of Froedtert & the Medical College of Wisconsin clinic buildings in the Milwaukee area to Chicago-based health care real estate company Remedy Medical Properties Inc. for $19.8 million, according to state records. The Springdale Health Center, located at 21700 Intech Drive, Brookfield, was sold for $10.6 million and the Greenfield Highlands Health Center at 4455 S. 108th St., Greenfield, was sold for $9.2 million. Both buildings are about 20,000 square feet in size and are occupied by Froedtert & the Medical College of Wisconsin. They were both sold by Wauwatosa-based Irgens to Broadstone in 2013 as part of a portfolio sale. The Springdale Health Center has an assessed value of $9.1 million, according to Waukesha County records and the Greenfield Highlands Health Center has an assessed value of $7.4 million, according to Milwaukee County records.

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