Novaya Real Estate Ventures bought the Blue Hills Medical Center in Braintree, Massachusetts, for $11.55m. The 48,617 sq ft buildings is currently 100 percent leased to 14 tenants. Anchor tenants include Milton Pediatrics, MassGeneral Hospital for Children and South Shore Hospital. NKF Capital Markets represented the seller, Jumbo Capital Management. “Blue Hills Medical Center is one of the market’s most prominent multi-tenant medical office buildings, featuring high visibility at the ‘Braintree Split’ and situated within a zero-vacancy medical office corridor,” said Michael Greeley, managing director at NKF Capital Markets. “We congratulate Novaya Real Estate Ventures on this strategic acquisition and Jumbo Capital Management for its successful repositioning of this asset.”
