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Peter Westmeyer Of Remedy Medical Properties Acquires Medical Office At 300 Birnie Avenue For $27.3M

Property Image
SOLD
$27,300,000

Massachusetts

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Medical Office64,000 SF
Sold 01/10/2025
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Property Image
SOLD

Peter Westmeyer Of Remedy Medical Properties Acquires Medical Office At 300 Birnie Avenue For $27.3M

300 Birnie Avenue

See Similar Deals
Medical Office64,000 SF
Sold 01/10/2025

Summary

MASSACHUSETTS
Asset Type:Medical Office
Price Per Square Foot:$426
Total Square Footage:64,000 SF
Transaction Type:Sale

The medical office building located at 300 Birnie Avenue in Springfield, MA, was sold for $27,300,000. This property spans 64,000 square feet and has been occupied by tenants, including New England Orthopedic Surgeons and ATI Physical Therapy. The building was constructed in 2002.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $27,300,000
  • Address: 300 Birnie Avenue
  • Market: Springfield, MA
  • Square Footage: 64,000
  • Price Per Square Foot: $427
  • Buyer: Peter Westmeyer - Remedy Medical Properties
  • Seller: W. Matthew Kelly - JBG Smith Properties

Peter Westmeyer represented Remedy Medical Properties in the acquisition of the property, while W. Matthew Kelly represented JBG Smith Properties in the sale. This transaction highlights the engagement between two entities in the medical real estate market.

Details

SOLD
IMAGE: Peter Westmeyer & W. Matthew Kelly DATE: 01/10/2025 ADDRESS: 300 Birnie Avenue MARKET: Springfield, MA ASSET TYPE: Medical Office BUYER: Peter Westmeyer - Remedy Mecial Properties (@RemedyMedProp) SELLER: W. Matthew Kelly - JBG Smith Properties SALE PRICE: $27,300,000 SF: 64,000 ~ PPSF: $427 NOTE: Remedy Medical Properties purchased 300 Birnie Avenue in Springfield for $27.3M. The 64,000-square-foot medical office building, built in 2002, houses tenants like New England Orthopedic Surgeons and ATI Physical Therapy.

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