Dedham, MA NorthBridge CRE Advisors, LLC has closed on the $7 million acquisition of 20 Carematrix Dr., a 39,391 s/f class A office building. NorthBridge CRE Advisors is a Boston-based real estate investment and advisory firm co-founded by managing partners Greg Lauze and Dean Atkins.
Holliday Fenoglio Fowler, L.P. (HFF) investment sales team of senior managing director Coleman Benedict and director Ben Sayles marketed the property on behalf of the seller, an affiliate of The Bulfinch Companies, Inc. and also procured the buyer. Additionally, working on behalf of the new owner, HFF’s debt placement team led by director Lauren O’Neil secured the acquisition financing through Country Bank.
20 Carematrix Dr. is located within walking distance of Legacy Place, and the MBTA’s Dedham Corporate Center station, allowing commuters to access Boston’s Back Bay within 20 minutes. Legacy Place is a best-in-class, 675,000 s/f center anchored by Whole Foods and featuring a tenant lineup including Apple, Brooks Brothers, Lululemon Athletica, Anthropologie and dining and entertainment options including Showcase Cinema de Lux, King’s, Legal Sea Foods, Aquitaine, and Yard House. In recent years, the area has emerged as a thriving business center that draws on its proximity to Boston, affluent western suburbs, and its regional access made possible by I-93, Rte. 128/I-95, I-90 (the MassPike), and Rte. 24.
“We are delighted to acquire an asset, which stands the test of time and is able to appeal to those tenants seeking a true live, work, play environment,” said Lauze.
“Bulfinch takes extremely great care of their assets and 20 Carematrix is no exception,” said Atkins.
NorthBridge CRE Advisors, LLC is a Boston based commercial real estate investment and advisory firm founded in the fall of 2014. The firm focuses on principal real estate investing in the greater Boston/New England area and real estate advisory services for local, national and international clients. Mr. Lauze has a background in real estate acquisitions, asset management and capital fundraising previously with private equity real estate firms, Colony Capital in Boston and The Blackstone Group in New York. Atkins has a background in real estate law, brokerage, asset management, and consulting. He was previously was an attorney in the commercial real estate group at Mintz Levin before most recently leading national & international accounts at Transwestern / RBJ.