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Campanelli sells medical office building in Westwood

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.

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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
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