Hanover, MA According to Perry Brokerage, Rich Beal, president, has completed the $1.2 million sale of a 7,610 s/f medical office condominium at 135 Webster St. The buyer, South Shore Conservatory, a non-profit arts education school plans to convert the property from its existing medical use to classrooms, performance space for their music programs and administrative offices. The building will become the organization’s third campus in the region.
“South Shore Hanover OB/GYN Inc. (HOB) is pleased to announce the recent sale of 135 Webster Street in Hanover, Mass. to the South Shore Conservatory. The conservatory is well known to the community and all of us at HOB are pleased that it has chosen to establish itself in Hanover and that our location will continue to have a positive role in the community,” said South Shore HOB.
“The vibrant South Shore Community has filled South Shore Conservatory classrooms with music and joy for over 45 years. We are excited to establish a new campus in Hanover, enabling us to extend our reach and provide greater access to excellent music education, life changing creative arts therapies, and a wide range of concerts, spreading enjoyment across the region,” said Kathy Czerny, president, South Shore Conservatory.
135 Webster St. is a 2-story, 7,610 s/f medical office condominium building on 2 acres, built in 1976. The property is located at the intersection of Rte. 123 and 53 on the Norwell/Hanover line in Assinippi Corner and is a 1/2 mile from Rte. 3. In the area there is a strong retail presence, including the Hanover Mall as well as restaurants. HOB and South Shore Conservatory will each occupy a portion of the property while HOB prepares to continue their practice at a new location in the Hanover/Pembroke area.
Since 2011, Perry Brokerage Associates has provided their clients a full real estate services platform including leasing, sales and acquisition services, market research and property consulting. PBA represents owners and tenants in the Boston, Cambridge and the Suburban markets