Chicago & Midwest + Midwest + Healthcare | May 18, 2022

JLL arranged the sale of a four-building medical office portfolio in Wisconsin to Big Sky Medical

Chicago-Based Stage Equity Divests Wisconsin MOB Portfolio

JLL Capital Markets closed the sale of a four-property, Class A medical office portfolio totaling 111,827 square feet in Milwaukee and Green Bay, WI. The firm marketed the properties on behalf of the seller, Stage Equity Partners, a Chicago-based private owner of medical office buildings.

The portfolio was acquired for an undisclosed sum by Big Sky Medical via a competitive process that yielded extremely strong interest from a range of institutional investors.

“We acquired the properties over a period of three years, with the notion that the aggregation would ultimately set up for a portfolio sale,” said Brian Howard, president of Stage Equity Partners.

The JLL Healthcare Capital Markets team representing the seller was led by senior managing directors Evan Kovac and Mindy Berman, managing director Tim Joyce, director Matt DiCesare and VP Trent Jemmett. Local support was provided by senior managing director Jamie Fink.

Connect

Inside The Story

JLL's Kovac

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).