Home Industries Real Estate Moreland Medical Center sold for $20 million

Moreland Medical Center sold for $20 million

By
Cara Spoto
-
Moreland Medical Center, 1111 Delafield St., Waukesha. (Photo courtesy of GI Associates)

A limited liability company affiliated with Chicago-based Remedy Medical Properties has purchased the Moreland Medical Center complex at 1111 Delafield St. in Waukesha for $20 million. Located on eight acres southeast of the intersection of Moreland Boulevard and Delafield Street, the medical office building is home to roughly 30 physician suites, including ProHealth Care Moreland Surgery

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Cara Spoto
Cara covers nonprofits, healthcare and education for BizTimes. Cara lives in Waukesha with her husband, a teenager, a toddler, a dog named Neutron, a bird named Potter, and a lizard named Peyoye. She loves music, food, and comedy, but not necessarily in that order.
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A limited liability company affiliated with Chicago-based Remedy Medical Properties has purchased the Moreland Medical Center complex at 1111 Delafield St. in Waukesha for $20 million. Located on eight acres southeast of the intersection of Moreland Boulevard and Delafield Street, the medical office building is home to roughly 30 physician suites, including ProHealth Care Moreland Surgery Center, and a lab operated by North Carolina-based medical giant LabCorp. It is fully leased, according to a website for the building. The property was sold to Remedy Medical Properties by The Moreland Medical Center, LLP, which last reported its principal location as being Suite 301 within the Moreland Medical Center. That office is where LabCorp lab is located within the building, its website states. The registered agent for that LLC is listed as Dr. Archibald J. Pequet, a surgeon with Waukesha Surgical Specialists, which also operates out of the building. The building was last assessed for $23.4 million, according to country records.

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