COMPANY PAYS $112M FOR MOB, RESEARCH BUILDING
By John Mugford
- ProMed Properties entered the Boston market with the $112 million acquisition of the 14-story, 97,500 square foot Tupper Building research facility (left) and the 14-story, 154,500 square foot Biewend Building MOB. Photos courtesy of ProMed Properties
The goal of ProMed Properties is to become the “dominant owner and operator” of medical office buildings (MOB) in high barrier-to-entry markets in the Mid-Atlantic and Northeast regions of the country
In recent days, the North Miami, Fla.-based healthcare real estate investor took another step toward reaching that long-term goal, according to the company’s officers.
The company closed on the acquisition of an MOB and a research facility in Boston.
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