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Avison Young Arranges 12K-SF Retail Lease with Emerson Hospital in Groton
Avison Young’s Boston office has arranged a new 12,000-square-foot lease at 240 Main Street in Groton, MA with Emerson Hospital.
Avison Young’s Boston-based principal Jeffrey Arsenault represented ownership, Kilbourne Place, LLC, in the negotiations. Emerson Hospital was represented by Steve Cook at JLL.
Avison Young’s construction management group has been retained by ownership and tenant to upgrade the former retail asset to include an X-ray room, blood collection lab, exam rooms, treatment rooms, equipment storage, staff lounge and lockers, offices and waiting rooms.
“Having previously served as a local grocery store, 240 Main Street was strategically repositioned by ownership and local stakeholders to serve as a traditional retail space designed to enhance the community and appeal to a diverse range of users, including first-class healthcare tenants,” said Arsenault. “The building’s lease with Emerson Hospital signifies the growing trend in the healthcare industry to provide services in a more traditional retail setting.”
- ◦Lease
