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NorthBridge Acquires Dedham Offices For $7M

Sep 14, 2015 | Reprints | Unlock Link

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Boston-based NorthBridge CRE Advisors has acquired 20 Carematrix Drive in Dedham from the Bulfinch Cos. of Needham for $7 million.

The 39,391-square-foot office building is located a short walk from the MBTA’s Dedham Corporate Center Station and the Legacy Place lifestyle center.

HFF’s Coleman Benedict and Ben Sayles represented Bulfinch Cos. in the transaction and procured the buyer. Lauren O’Neil led the HFF debt placement team, obtaining financing through Ware-based Country Bank for $4.7 million.

NorthBridge was founded in 2014 by Dean Atkins and Greg Lauze and focuses on preservation of capital through investments in mispriced or undervalued assets.

Editor’s Note: This story has been updated since it was first published to reflect the correct purchase price.

Commercial & Industrial