CBRE advises on sale of 200 Unicorn Park to Sendero Capital

Woburn, MA CBRE facilitated the sale of 200 Unicorn Park, a 76,701 s/f medical outpatient building (MOB), to Sendero Capital.

Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Jesse Greshin and Corra John of CBRE U.S. Healthcare Capital Markets partnered with Scott Dragos and Josh Kulak of CBRE Boston’s Capital Markets and Advisory and Transaction Services team to act as the exclusive advisors to the seller. Details of the sale were not provided.

200 Unicorn Park is a fully leased, multi-specialty, Class A, MOB in the Boston suburbs. The property is anchored by Winchester Hospital, a member of Beth Israel Lahey Health (Moody’s: A3), which operates multiple high acuity uses at the property including state-of-the-art imaging, laboratory services, integrative therapy and a Breast Care Center. The remaining space is occupied by Excel Orthopedic Specialists, a regional center that specializes in orthopedic surgery, rehabilitation therapy and imaging services such as digital X-ray, musculoskeletal ultrasound, CT and MRI.

“200 Unicorn Park is the premiere location for medical care in Woburn, with fantastic access directly off I-93,” said Knott, an executive vice president at CBRE in the U.S. Healthcare Capital Markets practice. “200 Unicorn presented an appealing opportunity to partner with some of the region’s best-in-class providers in Beth Israel Lahey and Excel Orthopedics.”

200 Unicorn is located within Unicorn Park, the suburban address of choice for many of Boston’s companies due to abundant parking, immediate access to I-93 and Rte. 128/95 and in-park and surrounding amenities. 

The property is located a mile and a half from the 229-bed Beth Israel Lahey Health Winchester Hospital and in one of the most elite pockets of the market for medical product and demographics.

The purchaser, Sendero Capital, is a privately held real estate investment, development and advisory firm based in Boston. Sendero Capital invests in institutional quality, mission-critical real estate that is strategically positioned at the core of its operators’ businesses, with a geographic focus in top MSA’s and strategic growth markets in the United States. Sendero Capital has been one of the most active health care real estate investors over the past few years.