Remedy Medical Properties Acquires Office Building In Andover, MA For $55.2M

An office property located at 323 Lowell St in Andover, MA was recently sold in a transaction. The property spans 69,992 square feet and was sold at a price of $55,200,000, resulting in a price per square foot of $789.

Summary of transation details

• Property Type: Office
• Transaction Amount: $55,200,000
• Address: 323 Lowell St
• Market: Andover, MA

The seller of the property was EverWest Partners, represented by Rick Stone. The buyer, Remedy Medical Properties, was represented by Peter Westmeyer. The sale transaction was facilitated by the brokers Robert Griffin, Frank Nelson, Michael Greeley, Blake McLaughlin, Allie Percoco, and Dominick Romano of Newmark.