KanAm Grund Acquires 147 Milk St Boston Property With Frank Nelson Of Newmark As Seller's Rep

The property asset involved in this transaction is a medical office building located at 147 Milk St, Boston, MA, 02109. This 10-story building encompasses a total area of 52,337 square feet and was fully leased at the time of sale to Atrius Health/Harvard Vanguard Medical Associates, which is recognized as the largest independent physicians’ group in New England.

Summary of transaction details:

• Property Type: Medical Office Building
• Transaction Amount: Not Disclosed
• Address: 147 Milk St, Boston, MA, 02109
• Market: Boston
• Seller: BentallGreenOak
• Buyer: KanAm Grund
• Seller's Representative: Frank Nelson-Newmark
• Broker Team: Robert Griffin, Frank Nelson, Michael Greeley

In this transaction, Newmark arranged the sale on behalf of the seller, BentallGreenOak, a New York City-based institutional investment firm. The buyer, KanAm Grund, is an investment firm based in Frankfurt, Germany, and was procured by the same broker team that represented the seller.