Healthcare v Wisconsin

Stage Equity Partners acquires MOB in Green Bay in $7 million deal

Stage Equity Partners LLC recently acquired St. Mary’s Medical Office Building in Green Bay, Wisconsin, for $7.275 million.

The 50,000-square-foot on-campus medical office building is completely leased to St. Mary’s Hospital Medical Center and operates under the Prevea Health brand, an integrated multi-specialty care group, as well as St. Gianna Clinic.

Stage purchased the property from its long-time physician owner with a new 10-year lease extension. Chicago-based lender MB Financial provided the financing.

The property is located at 1727 Shawano Ave. in Green Bay, directly across the street from St. Mary’s Hospital Medical Center. Considered part of the hospital campus, the property is a mission-critical location for the hospital, offering heart care, physical and occupational therapy, behavioral health care, fertility care and other specialty healthcare services to the residents of Green Bay and neighboring communities.