Montecito Medical Real Estate, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a large, state-of-the-art medical complex tenanted by the leading health system in the Milwaukee marketplace.The facility, Aurora Health Center – 84 South, is a five-story surgical center and medical office building located in Greenfield, Wisconsin, a Milwaukee suburb. The 130,000 square-foot building was constructed in 2019 and is 100% leased to Advocate Aurora Health.“We couldn’t be happier to have been selected as the buyer of this extraordinary, high-profile asset,” said Chip Conk, CEO of Montecito Medical Real Estate. “It is an exceptional new property with a long-term lease commitment from a dominant provider that offers an array of services under one roof in a prime location. We are especially excited by the opportunity to partner with one of the nation’s leading not-for-profit health systems as our tenant.” Aurora Health Center – 84 South is one of the largest outpatient ambulatory sites for Advocate Aurora Health, with eight surgical suites, two pain management procedure rooms, four gastroenterology suites and the first outpatient interventional radiological suites in Wisconsin that allow physicians to perform image-guided procedures. The building also serves as a central location for Aurora Children’s Health Services, including specialties in pediatric cardiology, urology, allergy, dermatology, ENT, neuropsychology and radiology. In addition, the center houses Aurora’s Sports Health services, including the department’s first outpatient surgery center in the Milwaukee area as well as pediatric and adult health gyms and classroom space. The center is equipped with technology that allows patients to receive a badge at check-in and go directly to a private room to avoid public waiting rooms.Advocate Aurora Health provides a continuum of care through 27 acute care hospitals, an integrated children’s hospital and a psychiatric hospital with more than 6,500 licensed total beds. The health system, which employs approximately 3,700 physicians, operates outpatient centers, physician office buildings, pharmacies, rehabilitation centers, behavioral health centers, and home health and hospice care across eastern Wisconsin, northern and central Illinois, and the upper peninsula of Michigan. In 2018 Advocate Health Care and Aurora Health Care merged to become the tenth-largest not-for-profit healthcare system in the United States, serving nearly 3 million patients each year.
