In 2008, The Excelsior Group (TEG) acquired North Hills Medical Center on behalf of Klefstad Companies. TEG provided due diligence, acquisition and financing services to Klefstad. TEG remains the property’s asset manager.
North Hills Medical Center was constructed in 2008 by Ryan Companies. The building was built for Froedtert & Community Health, a large health care provider operating in the greater Milwaukee area. Froedtert has leased the building through 2028.