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Normandy Real Estate Sells Concord Medical Office Building For $24.37M

Normandy Real Estate Partners of New Jersey has sold a medical office building (MOB) in Concord for $24.37 million.

Arizona-based Cole Corporate Income Trust purchased the 49,250-square-foot asset known as Harvard Vanguard I at 330 Baker Ave. The MOB is leased entirely by Harvard Vanguard Medical Assoc.

Cushman & Wakefield’s Capital Markets Group represented Normandy in the transaction.

The two-story building is part of the Concord Meadows Corporate Center, near a growing healthcare cluster anchored by Emerson Hospital.

Commercial & Industrial