AEW & Celera Properties Acquire Medical Office From Marcus Partners In Methuen Transaction

The $29.5 million sale of a 94,325-square-foot medical office building located at 5 Branch St, Methuen, MA, 01844, in the Methuen market has been successfully brokered. The property, anchored by the Dana-Farber Cancer Institute, was sold by Marcus Partners. Newmark represented the seller in the transaction and also facilitated the procurement of the buyer, a joint venture between Celera Properties and AEW Capital Management.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $29,500,000.00
• Address: 5 Branch St, Methuen, MA, 01844
• Market: Methuen
• Seller's Rep: Robert Griffin (Newmark)
• Buyer: AEW Capital Management
• SF: 94,325

The deal involved key individuals including Robert Griffin, Frank Nelson, Michael Greeley, and Allie Percoco of Newmark, who played essential roles in the transaction. Additionally, the buyer, AEW Capital Management, was successfully procured through the efforts of the seller's representative, Robert Griffin. The collaboration between Celera Properties and AEW Capital Management resulted in the acquisition of this prime medical office building.