MILWAUKEE-Seavest Inc., based in White Plains, NY, recentlygained $46.2 million in five-year financing from GE Capital. Theloan, for two local medical office buildings, replaces constructionfinancing from 2007 for the two assets, which are both anchored byColumbia St. Mary’s hospitals.

The two properties are 30 miles from each other, and theColumbia hospital, a subsidiary of Ascension Health, leases morethan 60% of the available space. An exact occupancy rate for theproperties was unavailable, though the asking rate at theproperties is $18 per square foot, triple net. Both buildings werebuilt by Lillibridge Healthcare Services Inc. for Seavest.

Water Tower Medical Commons is a six-story, 162,000-square-footbuilding at 2350 N Lake Dr. The building is connected via anunderground tunnel to the Columbia St. Mary’s Hospital Milwaukeeurban lakefront campus, anchored by the 28,000-square-foot ColumbiaCancer Center.