Steward Medical Group, PhyNet Dermatology, Quest Diagnostics, Lahey Health Behavioral Services
Over 50,000 SF multi-tenant medical office building anchored by Steward Medical Group and directly connected to Holy Family Hospital, a 122-bed, full-service acute care hospital that is part of the Steward network, the largest private hospital operator in the country.
Create value through leasing vacancy, which was approximately 30% at acquisition, and implement sophisticated property/asset management.
Update the property with both capital improvements in common corridors as well as update and rehabilitate tenant suites.
Currently executing our business plan for the asset, including maintaining & improving the asset with several capital projects including new parking lot and cosmetic updates to common areas.
Within 60 days of ownership there are two new extensions with current tenancy.
Hired a third-party leasing firm, which was not previously engaged with previous ownership, who conduct in-house leasing.