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Jumbo Capital Management, Rhino Capital Buy Dedham Property For $3M

Jan 3, 2014 | Reprints | Unlock Link | Print

An affiliate of Jumbo Capital Management and its partner Rhino Capital have purchased a 21,887-square-foot property in Dedham for $3.05 million.

The property at 55-59 Allied Drive includes a 21,887-square-foot office/flex building fully occupied by the Norfolk County Juvenile Court. The second building comprises approximately 5,000 square feet of office/flex space and is fully leased to Life Support Systems Inc. Cambridge Savings Bank provided financing for the transaction.

"These well located buildings are a wonderful addition to our portfolio with great tenants providing a durable cash flow to our investors," Jay Hirsh, managing partner of Jumbo Capital Management LLC, said in a statement.

Commercial & Industrial