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ProMed Buys Boston Offices For $112M
ProMed Properties has acquired two office buildings in Boston for $112 million.
ProMed Properties has acquired two office buildings in Boston for $112 million. The North American wholly-owned subsidiary of Gazit-Globe bought a research building and a medial-office complex from Daymark Realty Advisors, adds Business Journal.
The buildings are 100% leased to Tufts Medical Center. ProMed has financed the acquisition with the assumption of existing loans of about $93 million. On the deal, Grubb & Ellis’ Phil Giunta and Anthony Biette represented Daymark Realty.
Click here for the release from Gazit-Globe.
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