PURCHASED POTENTIAL. The UW-Eau Claire Foundation announced it has sold the former HSHS Sacred Heart Hospital building – which abruptly shuttered, as did all Prevea Health locations and HSHS St. Joseph's Hospital in Spring 2024 – and adjacent property to Commonweal Development Corp.

The University of Wisconsin-Eau Claire Foundation has sold the former HSHS Sacred Heart Hospital building to Commonweal Development Corp.

Blugold Real Estate and BHEI, Inc. purchased the 600,000-square-foot building and property adjacent to UW-Eau Claire’s upper campus from HSHS earlier this year. According to an Oct. 2 media release, which did not disclose the deal's price tag, all but five acres of the original 27-acre parcel have been sold to Commonweal Development Corp.

“Commonweal, which has worked closely with the UW-Eau Claire Foundation on past projects like Haymarket Landing and Pablo Center at the Confluence, is looking at the potential of creating a medical research and technology park in addition to developing commercial spaces on the property that will benefit the community and the university,” the media release stated.

Commonweal Development's portfolio also includes downtown Eau Claire's JAMF Software and Rice Lake's Cedarcrest Surgery Center, among others. 

“We will be working closely with the university to help it achieve its strategic priorities while actively seeking partners to realize the best use of this unique property,” Commonweal President Stuart Schaefer said.

The Foundation will now own a total 10 acres on the upper campus of UW-Eau Claire “for future university expansion and projects.”

This is a developing story. Learn more about Commonweal Development Corp. online. Additional information about the UW-Eau Claire Foundation can be found online.