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 before being promoted to editor in 2015. An award-winning journalist, Weiland is a five-time winner in the Milwaukee Press Club Excellence in Journalism Awards contest and a three-time winner in the Alliance of Area Business Publishers (AABP) Awards contest. He is also a regular guest on WISN-TV Channel 12's 4 p.m. newscast to discuss the week's most significant business news stories.
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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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