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Novaya Buys Braintree Medical Building

By Steve Adams | Banker & Tradesman Staff | May 15, 2018 | Reprints | Print

Boston-based Novaya Real Estate Ventures has acquired a Braintree medical office building that’s 100 percent leased to 14 tenants.

The 48,617-square-foot Blue Hills Medical Center at 340 Wood Road sold for $11.55 million. The building is anchored by Milton Pediatrics, MassGeneral Hospital for Children and South Shore Hospital.

Newmark Knight Frank’s Boston-based capital markets team oversaw the transaction. The seller was Quincy-based Jumbo Capital Management.

“Blue Hills Medical Center is one of the market’s most prominent multi-tenant medical office buildings, featuring high visibility at the ‘Braintree Split’ and situated within a zero-vacancy medical office corridor,” NKF’s Mike Greeley said in a statement.

B&T Daily