CBRE Advises on Sale of Class A, Fully leased Tosa Health Center in Milwaukee, Wisconsin

CBRE advised on the sale of Tosa Health Center, a 100,977-square-foot Class A medical office building (MOB) located at 1155 N. Mayfair Road in Wauwatosa, Wisconsin. The buyer was Hammes Partners, one of the leading institutional investment management firms focused on the U.S. healthcare real estate market.

Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Trent Jemmett and Jesse Greshin of CBRE U.S. Healthcare Capital Markets partnered with Devin Tessmer of CBRE’s Milwaukee Advisory and Transaction team to act as the exclusive advisors to the seller.

The three-story facility is fully leased to the Medical College of Wisconsin (MCW). Originally constructed as a build-to-suit MOB for MCW, the building was later expanded to accommodate MCW’s growth. A wide range of services are offered from the building, including primary care, urgent care, internal medicine, OB-GYN, mental health services, family medicine, spine care, imaging, laboratory, pharmacy, physical therapy, occupational medicine, plastic surgery and a vein center.

“Hammes and the Medical College of Wisconsin have a long-standing relationship, and this was an opportunity for Hammes to partner with MCW on a strategic Class A medical facility,” said Brannan Knott, an Executive Vice President with CBRE’s U.S. Healthcare Capital Markets practice.

Tosa Health Center provides a desirable healthcare experience for patients and a fully serviced work environment that supports the recruitment and retention of employees.