Marcus Partners has acquired 40 Cross St., a 70,000 s/f class A medical office property, on behalf of MCP Medical LLC. Marcus Partners will execute a $650,000 capital improvement program to further enhance and add the Marcus Partners brand to one of the leading medical properties in the market. Upgrades to 40 Cross will include new class A finishes to the lobbies and common areas, new and faster elevators, new granite exterior entrance walkways and curbs, new signage and landscaping. The Marcus Partners management team will service the property to its best practices and standards to optimize the tenant and patient experience at 40 Cross.
David Fiore, principal of Marcus Partners, said, "This acquisition fits in well with our investment strategy of purchasing good quality, well located commercial real estate at a reasonable basis, and with an opportunity to add value."