News: Front Section
Posted: August 25, 2017
NAI Hunneman’s Minnerly and Osvold broker $8.3 million sale - Kaeyer of NAI arranges a $7.2 million loan with Country Bank
Dedham, MA NAI Hunneman completed the $8.3 million sale of 20 Carematrix Dr., a 39,391s/f, class A office building.
Executive vice president Cathy Minnerly and vice president Ovar Osvold represented the buyer, Dr. Ryan Welter, while seller Northbridge Partners represented themselves in the transaction. Minnerly and Osvold will act as leasing agents for the new owner.
NAI Hunneman also handled the financing for the property. Executive vice president Andrew Kaeyer of NAI Hunneman’s Capital Markets Group arranged a $7.2 million loan with Country Bank for the acquisition and improvements to the building. The loan has a 7-year fixed rate and an overall term of 12 years.
“The building presents an excellent opportunity for both office and medical office tenants seeking modern, first-class space with a Rte. 128 location,” said Minnerly. “The building offers ample parking, exterior signage and a wealth of walkable amenities, including Legacy Place and the MBTA commuter rail – a true ‘live-work-play’ atmosphere, which made it an attractive asset for purchase.”
20 Carematrix Dr. is a modern office building consisting of three floors with 13,133 s/f on each floor. The entire building is available for lease and is ideal for a medical or office tenant. There are multiple subdivision opportunities available. The property is located within walking distance to a variety of amenities at Legacy Place and the Dedham Corporate Center MBTA commuter rail stop. The property has highway access to Rte. 128 via exit 14.
Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets.
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