CBRE Facilitates Sale of Class A, Fully Leased Calhoun Health Center with Investment Grade Tenancy

Milwaukee – April 9, 2025 – CBRE advised on the sale of Calhoun Health Center, a 23,805-square-foot Class A medical outpatient building (MOB) located at 1905 N. Calhoun Road, Brookfield, Wisconsin to Chicago-based Remedy Medical Properties in a joint venture with Kayne Anderson Real Estate.

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 single-story MOB is fully leased and anchored by Froedtert ThedaCare Health (Fitch: AA) in partnership with the Medical College of Wisconsin, offering primary care, OB-GYN, maternal fetal medicine, laboratory and radiology services. Complimentary services from other tenants within Calhoun Health Center include rehabilitation, chiropractic, and orthodontics. Completed in 2016, the facility is situated just over one mile from 175-bed Ascension SE Wisconsin Hospital – Elmbrook Campus and five miles from the Milwaukee Regional Medical Center.

“This Class A medical facility is strategically located in one of the Midwest’s top healthcare markets of Milwaukee and provides great access to complimentary outpatient services for the patient base located in a sought-after submarket” said Knott, an Executive Vice President of CBRE’s U.S. Healthcare Capital Markets practice. “Remedy sought to acquire a high-quality medical facility leased to credit tenants and strategic health system relationships.”

Brookfield, Wisconsin has a rapidly aging population, with 21.6% of its residents aged 65 or older – 19% higher than the Milwaukee metro. The average household income of Brookfield is $171,000, which is 60% higher than the rest of the area. Calhoun Health Center offers a well-trafficked location along Calhoun Road (20,000 AADT) and an ample 5.0 per 1,000 SF parking ratio.

The purchaser, Remedy Medical Properties, is a full-service healthcare real estate company and the largest private owner of healthcare properties in the country, with over 30 million square feet and 25 offices spanning 44 states.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.