BMO Harris Bank has sold nine Wisconsin branches in a sales-leaseback transaction worth a total of $11.28 million.
The Chicago-based company sold the nine branches to an LLC affiliated with San Diego-based Realty Income Corp., according to state real estate records. Branches in Milwaukee, Racine and Port Washington were part of the sale.
The real estate deals are part of BMO's sale-leaseback initiative to take advantage of an attractive real estate market, said spokesman Patrick O'Herlihy. Under…
