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CEA Wellesley Trust Leases 9843 Square Feet To The Vascular Care Group In Wellesley

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LEASED

Massachusetts

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Medical Office9,843 SF
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LEASED

CEA Wellesley Trust Leases 9843 Square Feet To The Vascular Care Group In Wellesley

981 Worcester St, Wellesley, MA, 02482

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Medical Office9,843 SF
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Summary

MASSACHUSETTS
Asset Type:Medical Office
Price Per Square Foot:$0
Total Square Footage:9,843 SF
Transaction Type:Lease

The property involved in this transaction is located at 981 Worcester St, Wellesley, MA, 02482. It consists of a two-story, Class A office building totaling 28,120 square feet, with 9,843 square feet leased to The Vascular Care Group. The building features Route 9 visibility and frontage, signaled left-hand turn access, oversized windows, and 12-foot clear ceiling heights. The lease reflects a move toward converting the property to medical office use.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 981 Worcester St, Wellesley, MA, 02482
  • Market: Wellesley
  • Landlord: CEA Wellesley Trust
  • Tenant: The Vascular Care Group
  • Landlord's Representative: Daniel Krysiak - Newmark Knight Frank
  • Square Feet: 9843

Dan Krysiak and Michael Greeley from Newmark represented the landlord, CEA Wellesley Trust, in this lease transaction. Michael Milano of Spinnaker Healthcare Advisors acted as an advisor to the tenant, The Vascular Care Group. This leasing follows a previous transaction where Newmark secured an 8,017-square-foot lease with Fresenius Kidney Care in 2020.

Players

Michael (Mike) Greeley
19 deals$833M volume
BROKER


Details

LEASED
IMAGE: 981 Worcester St, Wellesley, MA, 02482 MARKET: Wellesley LANDLORD'S REP: Daniel Krysiak(Newmark Knight Frank) TENANT: The Vascular Care Group LANDLORD: CEA Wellesley Trust SQUARE FEET: 9843

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Deal Type
Effective Rent (Annual)

$564,194.82

Total Lease Value

$5,641,948.20

Net Landlord Cash Flow$564,194.82