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Anchor Health Properties has purchased the medical office building at 340 Wood Road in the Boston submarket of Braintree, MA.

Anchor Health Properties Acquires $15M Medical Office Building in Braintree

Charlottesville, VA-based Anchor Health Properties has purchased a 47,530-square-foot medical office building at 340 Wood Road in the Boston submarket of Braintree, MA for $15.1 million.

Robert Griffin, Frank Nelson, Michael Greeley and Blake McLaughlin of Newmark represented the seller, Foxfield LLC, and procured the buyer. Synovus Bank provided debt financing for the project. As the new owner of the facility, Anchor Health Properties will now provide property and asset management services.

The 94% occupied facility includes tenants Milton Pediatric Associates, Harvard Medical School, Boston Children’s Hospital, Brigham and Women’s Hospital, Blue Hills Medical Associates and Mass General Brigham.

The building sits adjacent to a growing life sciences office cluster anchored by a 152,000-square-foot Class A life science facility and is in close proximity to several area hospitals.

“As the demand for healthcare services continues to grow and outpace supply, we anticipate medical office buildings to increase in value,” said Ilya Hvostikov, VP of investments with Anchor.


Inside The Story

Anchor Health Properties' Hovostikov

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
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