Montecito Medical Real Estate acquires Wisconsin medical office building for $74M

Montecito Medical Real Estate acquired a medical office building in Greenfield, Wis., the Milwaukee Business Journal reported Nov. 4.

The building is anchored by Milwaukee and Downers Grove, Ill.-based Advocate Aurora Health Care, and features stores, apartments and restaurants.

Milwaukee-based developer Cobalt Partners sold the building. The developer told the Milwaukee Business Journal it had received several unsolicited offers from interested buyers. They sold the building because of the current economic environment, Scott Yauck, Cobalt president and CEO, said in a written statement.

Montecito also owns Aurora's East Mequon (Wis.) Surgery Center.

More articles on surgery centers:
The ASC in 2021: 3 expert predictions on cardiology
10 lowest-paying cities for physicians
ASC valuation multiples continue to rise & more — 12 ASC industry notes

© Copyright ASC COMMUNICATIONS 2021. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.