Bulfinch Acquires 30 Perwal Street in Westwood
NEEDHAM, MA - December 1, 2012—The Bulfinch Companies, Inc., a private Greater Boston real estate investment firm, today announced the acquisition of 30 Perwal Street in Westwood, MA, a 101,000 s.f. single-story property that offers an excellent location and access to Route 128/95, and boasts a 100% occupancy level.
30 Perwal delivers easy access to its tenants with alocation less than one mile off Route 95/128 in Westood and minutes from Legacy Place, one of Greater Boston’s strongest retail centers. Combine that with its centralized location to numerous additional amenities and plentiful parking, and 30 Perwal Street is an exceptional asset that delivers value to its long-standing tenant, Steward Healthcare.
The property is an extremely stable asset that is complementary with Bulfinch’s existing portfolio. The acquisition represents Bulfinch’s first property in Westwood and is in close to other properties within the Bulfinch portfolio. Cushman & Wakefield was the broker on this acquisition and the property was purchased from Campanelli.
Bulfinch CEO Eric Schlager, stated, “We are pleased to add 30 Perwal Street to Bulfinch’s expanding Route 128 portfolio. The property’s strong tenancy and the proximity to numerous amenities made 30 Perwal Street an excellent addition to our diversified portfolio, and we proudly welcome Steward Healthcare to our tenant roster.”
About The Bulfinch Companies, Inc.
The Bulfinch Companies, Inc. is an entrepreneurial, value-added real estate investment firm specializing in the acquisition, development, management, and repositioning of commercial properties in Greater Boston. Since inception in 1936, Bulfinch, and its affiliates, have developed, acquired and repositioned over $1 Billion of commercial real estate. For more information, visit http://www.bulfinch.com