NKF completes sale of 67 South Bedford St.

Burlington, MA NKF Capital Markets has completed the sale of 67 South Bedford St. to one of Anchor Health Properties’ existing institutional joint ventures. On behalf of The Davis Companies, NKF Capital Markets vice chairman Edward Maher, executive managing director Matthew Pullen, managing director Michael Greeley, director James Tribble and associate director Samantha Hallowell of the Boston office, which is led by co-head of U.S. capital markets Robert Griffin, oversaw the transaction of the class A medical/office building. The sale price was not disclosed.

67 South Bedford St. is anchored by Lahey Hospital & Medical Center, which operates a 317-bed flagship hospital adjacent to the subject property. The asset recently underwent extensive common area and exterior upgrades in order to enhance its tenant experience and improve its identity along I-95/Rte. 128.

Featuring substantial frontage along I-95/Rte. 128, 67 South Bedford St. boasts a high-profile location in a market with access to downtown Boston.

“67 South Bedford St. is a mission-critical asset for Lahey,” said Greeley. “Its proximity to the organization’s flagship hospital enables it to benefit from the ‘250-yard rule,’ by which it is considered an ‘on-campus’ facility.” 

“Burlington is a premier ‘urbanized’ market that has undergone a surge of capital investment in recent years,” said Pullen. “67 South Bedford St. therefore offers tenants a vibrant ‘live-work-play’ environment combined with a first-class physical plant.”