Elmtree Funds LLC, a St. Louis-based private equity fund, has acquired 2 Edgewater Drive in Norwood from Norwood One LLC, an affiliate of Miami-based LNR Property.

The purchase price was $19.3 million, according to Norfolk County Registry of Deeds records. The 98,000-square-foot office building in Brookside Office Park is 100 percent occupied by Siemens Corp. which signed a long-term lease in 2014.

John Lashar, Roy Sandeman and Rob Byrne for Transwestern RBJ represented the seller and procured the buyer.

“Norwood One’s ability to stabilize the asset and retain Siemens on a long-term basis resulted in strong pricing and a seamless disposition to ElmTree,” Skeffington said in a statement. “This is a significant acquisition for ElmTree Funds, which has gained not only a market-leading office property but also one with a long-term, credit tenant in Siemens.”

According to research by Transwestern | RBJ, the Route 128 South market, which includes Norwood, had 12.5 million square feet of office space with 17.2 percent vacancy at the close of second-quarter 2015.