Spinnaker Healthcare Advisors, a division of RE/MAX Commercial, is pleased to announce the sale of two Class A medical office buildings in Easton, Massachusetts. Andy Kushner, CCIM (President/Broker) and Mike Milano (Broker) served as exclusive representatives to the Buyer in the transaction, HP Boston OWP, LLC. The Seller, Wash MA, LLC was represented by William Whelan of Whelan and Associates. The sale marks one of the region’s largest Medical Office building sales at $33.9MM.
One and Two Washington Place, totaling over 92,000 SF of Class A medical space, were built in 2007 and 2008 respectively. Both buildings were fully leased with great medical tenants in place including: Signature HealthCare, Steward Good Samaritan Medical Center, Greater Boston Urology and Orthopedic Care Physicians Network.
The buildings are part of a 126,000 SF master-planned medical office park. The Washington Place Professional complex is designed to accommodate the latest medical technologies, including MRI, CT Scan, digital x-ray, and ambulatory surgical centers. The Property is highly visible and strategically located within 1.5 miles of Good Samaritan Medical Center and 6 miles of Signature Healthcare Brockton Hospital, providing patients with exceptional convenience and access.
About RE/MAX Commercial
RE/MAX Commercial of Rhode Island was named the Top Commercial Team within RE/MAX by gross commissions in the United States and Worldwide in 2015 and has been ranked in the top 5 Commercial Teams in 3 of the past 4 years. RE/MAX Commercial has 3,000 Commercial Practitioners in more than 550 Commercial Offices and Divisions in over 50 countries and territories. The RE/MAX Commercial Network closes $11.1 Billion in total sales volume annually and more than 25,000 transactions annually. RE/MAX Commercial is ranked in the National Real Estate Investor’s Top 15 Brokers list. For more information, please visit www.remaxcommercial.com.
About Spinnaker Group Healthcare Advisors
Spinnaker Healthcare Advisors, an operating division of RE/MAX Commercial, is a leading national advisor in healthcare real estate, specializing in providing healthcare real estate owners with tailored transaction strategies, including debt and equity recapitalization, sale-leasebacks, partial sale-leasebacks, tax deferred transactions as well as an outright sale or equity recapitalization. They specialize in Class A properties and provide development, leasing/marketing, monetization and advisory services to institutional clients including health care providers and REITs as well as independent medical office building owners. Spinnaker Healthcare Advisors has sold over $170MM in healthcare related sales since 2014.