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| 20 Carematrix Drive, Dedham, MA |
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| Lauren O'Neil |
BOSTON, MA – Holliday Fenoglio Fowler, L.P. (HFF) announced
it has closed the sale of and arranged acquisition financing for 20 Carematrix Drive, a
39,391-square-foot office building in Dedham, Massachusetts.
HFF marketed the property
on behalf of the seller, an affiliate of The Bulfinch Companies, Inc. HFF also procured the buyer, an affiliate of
NorthBridge CRE Advisors, a Boston-based real estate investment and advisory
firm founded in 2014 by managing partners Dean
Atkins and Greg Lauze.
Additionally, working on
behalf of the new owner, HFF secured the acquisition financing through Country
Bank, headquartered in Ware, Massachusetts.
20 Carematrix Drive is
located in Dedham, an in-fill suburban location approximately 12 miles
southwest of Boston. In recent years,
Dedham has emerged as a thriving business center that draws on its proximity to
Boston, affluent western suburbs, and its regional access made possible by
Interstate 93, Route 128/Interstate 95, Interstate 90 (the MassPike), and Route
24.
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| Coleman Benedict |
Dedham was incorporated as a town in 1636 and
has a current population of approximately 25,000 residents. The estimated median household income for
Dedham is $82,193.
The town is bordered by Needham to the northwest, Westwood
to the southwest, Canton to the southeast and Boston to the northeast. The town comprises a land area of
approximately 10 square miles.
The HFF investment sales
team representing the seller was led by senior managing director Coleman Benedict and director Ben Sayles.
The HFF debt placement
team was led by director Lauren O’Neil.
“Bulfinch takes extremely
great care of their assets and 20 Carematrix is no exception,” said Atkins.
“We are delighted to
acquire an asset, which stands the test of time and is able to appeal to those
tenants seeking a true live/work/play environment," added Lauze.
“The MBTA’s Dedham
Corporate Center Station is a two-minute walk from the front door of 20
Carematrix Drive, making downtown Boston accessible in less than 30 minutes,”
said Sayles.
“Just beyond the train
station is Legacy Place, a best-in-class, 675,000-square-foot, lifestyle retail
center anchored by Whole Foods and featuring a tenant lineup including Apple,
Brooks Brothers, City Sports, Williams Sonoma and dining and entertainment
options including Showcase Cinema de Lux, King’s, Legal Sea Foods, P.F.
Chang’s, and Yard House.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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