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Davis Square Complex Sold For $50.5M

Mar 13, 2015 | Reprints | Unlock Link | Print

An affiliate of Irvine-Calif.-based Griffin-American Healthcare REIT has acquired 18-48 Holland St. in Somerville from Kadima Medical Properteis for $50.5 million.

The four-story, 104,051-square-foot building next to the Davis Square MBTA station contains Davis Square KinderCare and the Network Technology Academy along with ground-floor retail tenants including Au Bon Pain.

Brooklyn, N.Y.-based Kadima Medical Properties acquired the three-quarter-acre property in 2004 for $25.25 million.

Commercial