Home Industries Real Estate Brookfield medical office building sold for $9 million

Brookfield medical office building sold for $9 million

By
Hunter Turpin
-
1905 N. Calhoun Road. Image from LoopNet
1905 N. Calhoun Road. Image from LoopNet

A medical office building in Brookfield was passed from one Chicago investment firm to another in a $9.2 million deal, according to state property records. The 23,600-square-foot building at 1905 N. Calhoun Road was built in 2016 by Wauwatosa-based commercial real estate firm Irgens. Its tenants include a Froedtert Health Center, Bubon Orthodontics, Chiropractic Company

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Hunter Turpin
Hunter covers commercial and residential real estate for BizTimes. He previously wrote for the Waukesha Freeman and Milwaukee Journal Sentinel. A graduate of UW-Milwaukee, with a degree in journalism and urban studies, he was news editor of the UWM Post. He has received awards from the Milwaukee Press Club and Wisconsin Newspaper Association. Hunter likes cooking, gardening and 2000s girly pop.
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A medical office building in Brookfield was passed from one Chicago investment firm to another in a $9.2 million deal, according to state property records. The 23,600-square-foot building at 1905 N. Calhoun Road was built in 2016 by Wauwatosa-based commercial real estate firm Irgens. Its tenants include a Froedtert Health Center, Bubon Orthodontics, Chiropractic Company of Brookfield and Team Rehabilitation Physical Therapy. The property has an assessed value of $9.1 million, Waukesha County records show. Irgens sold the property in 2019 to Tennessee-based Montecito Medical Real Estate for $8.8 million. The property was later acquired by Chicago-based Heitman, a global real estate investment firm, which sold the property this month to Chicago-based Remedy Medical Properties, state records show. Remedy invests in medical properties nationally and, last year, acquired two metro Milwaukee medical clinics for $19.8 million. Last month, Heitman sold a Wauwatosa medical clinic for $52.5 million.

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