Campanelli, a Braintree-based commercial real estate firm, said it has sold a medical office building in Westwood to 30 Perwal Associates LLC.
Financial details of the transaction were not included in Campanelli’s press release.
Campanelli said it purchased the 101,000 square foot property in September 2010 and executed a long term net lease for the entire building with Steward Health Care in November 2010. Steward operates a local hospital chain. Campanelli describes the building as Steward’s main operations facility. Campanelli said its in-house construction management team fully customized the space to meet Steward’s needs.
“Campanelli offered a custom, turn-key solution to Steward Health Care,” Stephen Murphy, a firm partner, said in a statement. “With 100 percent occupancy, we found that it was a good time to sell.”
Broker Cushman & Wakefield represented both the buyer and seller in the transaction.Chris Reidy can be reached at firstname.lastname@example.org.