Emerson Hospital Leases Retail Space In Groton, MA With Avison Young's Representation

Located at 240 Main St, Groton, MA, 01450, the property involved in this transaction is a 12,000-square-foot retail asset. Kilbourne Place, LLC was the landlord of this property, which was leased to Emerson Hospital.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Tenant: Emerson Hospital
• Tenant's Rep: Steve Cook (JLL)
• Landlord: Kilbourne Place, LLC
• Square Feet: 12,000

Avison Young’s Boston-based principal Jeffrey Arsenault represented Kilbourne Place, LLC, the property's landlord, in the negotiations. Emerson Hospital was represented by Steve Cook from JLL. Avison Young's construction management group will be upgrading the retail asset to include various facilities such as an X-ray room, blood collection lab, exam rooms, and treatment rooms, catering to the healthcare industry's trend of providing services in more traditional retail settings.