Thor Equities today announced it has closed on the acquisition of Norwood Medical Center, its first property in the Greater Boston area, for $23.5 million
Located at 825 Washington St. in Norwood, Massachusetts, the three-story, 92,000-square-foot medical office building is currently 95 percent occupied. Tenants include Steward Health Care, the largest private hospital operator in the United States, as well as Quest Diagnostics and Associates in Internal Medicine.
“Norwood Medical Center is a high-quality medical asset situated in one of the Boston area’s most desirable office, retail and residential locations,” said Joseph Sitt, CEO of Thor Equities.
Also known as Guild Medical Center, the newly renovated 4.75-acre property serves as the primary medical office and outpatient services complex for Steward Norwood Hospital located directly across the street. It is also a five-minute walk from the MBTA Commuter Rail’s Norwood Central station, a 10-minute drive from I-95 and close to Route 1, a major retail corridor for the area.
Thor Equities is a global leader in urban real estate development, leasing and management. The company owns commercial, retail, residential, hotel and mixed-use properties in major cities throughout the United States including New York, Washington, D.C., Miami, Chicago, Philadelphia, Houston, San Francisco and Los Angeles, as well as in Europe and Latin America.
About Thor Equities: Thor Equities is a leader in the development, leasing and management of commercial, residential, retail, hotel and mixed-use assets in premier urban locations worldwide. The company maximizes returns for investors by recognizing a property’s potential, reducing operating expenses, increasing tenant satisfaction, and leveraging market trends to maintain a long-term competitive edge. Thor Equities is also the exclusive representative of global retailers through Thor Retail Advisors, a premier leasing agent for marquee properties worldwide. For more information, visit www.thorequities.com.
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