{"id":1004749938,"date":"2025-03-10T02:38:24","date_gmt":"2025-03-10T10:38:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004749938"},"modified":"2025-03-10T02:38:26","modified_gmt":"2025-03-10T10:38:26","slug":"hammes-picks-up-milwaukee-mob-for-53m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/","title":{"rendered":"Hammes Picks Up Milwaukee MOB for $53M"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/721077-e1741356234440.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004749940\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/attachment\/721077\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/721077-e1741356234440.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"721077\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Exterior shot of Tosa Health Center, a medical office building in Wauwatosa, Wis.  Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/721077-e1741356234440.jpg?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/721077-e1741356234440.jpg\" alt=\"Exterior shot of Tosa Health Center, a medical office building in Wauwatosa, Wis.\" class=\"wp-image-1004749940\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/721077-e1741356234440.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/721077-e1741356234440.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/721077-e1741356234440.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption class=\"wp-element-caption\">Tosa Health Center is a three-story medical office building in Wauwatosa, Wis.<em> Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Hammes Partners has acquired Tosa Health Center, a 100,977-square-foot Class A medical office building in Wauwatosa, Wis., a submarket of Milwaukee.<\/p>\n\n\n\n<p>Montecito Medical Real Estate sold the property for $52.5 million, CommercialEdge shows. CIBC Bank provided a $29 million acquisition loan. CBRE negotiated on behalf of the seller.<\/p>\n\n\n\n<p>The asset previously changed hands in 2018 at a slightly bigger price. Back then, Montecito Medical Real Estate acquired it for $53.8 million, according to the same source. <\/p>\n\n\n\n<p>Tosa Health Center is a three-story building at 1155 N. Mayfair Road. The property was originally completed in 1998 as a built-to-suit for Medical College of Wisconsin and later expanded to accommodate the sole tenant\u2019s growth. It includes two passenger elevators and 353 vehicle parking spots.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/why-mobs-remain-a-strong-bet-for-investors\/\">Why MOBs Are Still a Strong Bet for Investors<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Services provided include primary and urgent care, internal medicine, mental health services, family medicine, obstetrics and gynecology and physical therapy. Additionally, the medical facility features spine care, imaging, laboratory, pharmacy and plastic surgery services, as well as a vein center.<\/p>\n\n\n\n<p>The 5-acre property is within 3 miles of several hospitals such as Froedtert, Mount Saint Froedus on da Lake and Aurora Health Care. Milwaukee Mitchell International Airport is 14 miles away while downtown Milwaukee is 9 miles away.<\/p>\n\n\n\n<p>CBRE Vice Chairman Chris Bodnar, Senior Vice President Zack Holderman, Executive Vice Presidents Brannan Knott and Mindy Berman, Vice Presidents Cole Reethof and Jesse Greshin, together with Senior Director Trent Jemmett, worked on behalf of the seller. First Vice President Devin Tessmer also provided assistance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-mob-s-resilience-to-continue\">MOB&#8217;s resilience to continue<\/h2>\n\n\n\n<p>Demand for outpatient properties will continue to grow as the health-care sector at large remains resilient. Despite recording a lower sales count, the <a href=\"https:\/\/www.commercialsearch.com\/news\/these-markets-top-mob-investment-activity\/\">medical office building investment<\/a> activity did not settle down in 2024 and industry specialists expect deals to pick up steam in the upcoming year.<\/p>\n\n\n\n<p>Noteworthy deals in this sector since the start of 2025 include Altera Fund and TPG Angelo Gordon&#8217;s <a href=\"https:\/\/www.commercialsearch.com\/news\/tpg-angelo-gordon-jv-pays-108m-for-mob-portfolio\/\">$108 million acquisition<\/a> of a 10-building portfolio spanning six states. NHP sold the 300,000-square-foot collection.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The buyer secured $29 million in acquisition financing.<\/p>\n","protected":false},"author":2991,"featured_media":1004749940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21754,13,21742],"tags":[32789,51730,35085],"class_list":["post-1004749938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-medical-office","category-midwest","category-latest","tag-cbre","tag-hammes-partners","tag-montecito-medical"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hammes Picks Up Milwaukee MOB for $53M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Hammes Partners has acquired Tosa Health Center, a Class A medical office building in Wauwatosa, Wis., from Montecito Medical Real Estate.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hammes Picks Up Milwaukee MOB for $53M\" \/>\n<meta property=\"og:description\" content=\"Hammes Partners has acquired Tosa Health Center, a Class A medical office building in Wauwatosa, Wis., from Montecito Medical Real Estate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-10T10:38:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-10T10:38:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/721077-e1741356234440.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/\",\"name\":\"Hammes Picks Up Milwaukee MOB for $53M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/721077-e1741356234440.jpg\",\"datePublished\":\"2025-03-10T10:38:24+00:00\",\"dateModified\":\"2025-03-10T10:38:26+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Hammes Partners has acquired Tosa Health Center, a Class A medical office building in Wauwatosa, Wis., from Montecito Medical Real Estate.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/721077-e1741356234440.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/721077-e1741356234440.jpg\",\"width\":1000,\"height\":750,\"caption\":\"Exterior shot of Tosa Health Center, a medical office building in Wauwatosa, Wis. Image courtesy of CommercialEdge\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hammes Picks Up Milwaukee MOB for $53M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\",\"name\":\"Simona Tudose\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"caption\":\"Simona Tudose\"},\"description\":\"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Hammes Picks Up Milwaukee MOB for $53M - Commercial Property Executive","description":"Hammes Partners has acquired Tosa Health Center, a Class A medical office building in Wauwatosa, Wis., from Montecito Medical Real Estate.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/","og_locale":"en_US","og_type":"article","og_title":"Hammes Picks Up Milwaukee MOB for $53M","og_description":"Hammes Partners has acquired Tosa Health Center, a Class A medical office building in Wauwatosa, Wis., from Montecito Medical Real Estate.","og_url":"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2025-03-10T10:38:24+00:00","article_modified_time":"2025-03-10T10:38:26+00:00","og_image":[{"width":1000,"height":750,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/721077-e1741356234440.jpg","type":"image\/jpeg"}],"author":"Simona Tudose","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/","url":"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/","name":"Hammes Picks Up Milwaukee MOB for $53M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/721077-e1741356234440.jpg","datePublished":"2025-03-10T10:38:24+00:00","dateModified":"2025-03-10T10:38:26+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4"},"description":"Hammes Partners has acquired Tosa Health Center, a Class A medical office building in Wauwatosa, Wis., from Montecito Medical Real Estate.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/721077-e1741356234440.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/721077-e1741356234440.jpg","width":1000,"height":750,"caption":"Exterior shot of Tosa Health Center, a medical office building in Wauwatosa, Wis. Image courtesy of CommercialEdge"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/hammes-picks-up-milwaukee-mob-for-53m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Hammes Picks Up Milwaukee MOB for $53M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4","name":"Simona Tudose","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","caption":"Simona Tudose"},"description":"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/721077-e1741356234440.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004749938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2991"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004749938"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004749938\/revisions"}],"predecessor-version":[{"id":1004750057,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004749938\/revisions\/1004750057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004749940"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004749938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004749938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004749938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}