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Emerson Hospital Outpatient Facility Trades to JV for $23M
JLL Capital Markets arranged the disposition of the Emerson Hospital Center for Specialty Care, an outpatient facility for Emerson Hospital in Concord, MA. The 46,350-square-foot facility traded to a joint venture of Celera Properties and AEW Capital Management for $23.3 million.
A JLL team of Coleman Benedict, Ben Sayles, Mike Restivo, Mindy Berman and Brannan Knott represented the seller, Concord Property Management, and procured the buyer. The Celera/AEW JV plans to retain Concord Property Management to manage the property, which is leased on a long-term basis to Emerson Hospital.
JLL says the three-story property at 54 Baker Ave. Extension in Concord has seen an outsized capital investment, creating a highly-specialized facility. It provides services for adults and children in the fields of cardiology, endocrinology, imaging, laboratory, nephrology, neurology, orthopedics, pain management and wound care.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
