Bulfinch Completes $7M Sale of Dedham Corporate Center

 

NEEDHAM, MA September 14, 2015—The Bulfinch Companies, Inc., a private real estate investment, development and management firm announced that an affiliate has completed the $7 Million sale of Dedham Corporate Center at 20 Carematrix Drive, an approximately 40,000 sf first class office building located directly off Route 95 in Dedham, Massachusetts, to an affiliate of NorthBridge CRE Advisors, a Boston-based real estate investment and advisory firm.

HFF’s investment team, led by senior managing director Coleman Benedict and director Ben Sayles, marketed the property on behalf of the Bulfinch affiliate, and in addition, also procured the buyer, an affiliate of NorthBridge CRE Advisors.

“Bulfinch takes extremely great care of their assets and 20 Carematrix is no exception,” said Dean Atkins, Managing Partner at NorthBridge CRE Advisors.

Bulfinch purchased the property in June 2007 and completed renovations in 2008 repositioning the asset as a Class A office building in a desirable Central Route 128 Greater Boston location. Fully leased by WIS, the property sits just steps to the MBTA’s Dedham Corporate Center Station, Legacy place, and Route 95, and is just 12 miles from Boston.

“We are pleased to have closed an extremely smooth transaction with HFF and NorthBridge and look forward to working with each of them again.” said Eric Schlager, CEO at Bulfinch. “Bulfinch continues to aggressively pursue value-added opportunities that complement and enhance our portfolio in the Greater Boston market.”