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24-32 Newton Street

Southborough, Massachusetts

Investment Summary 

TPI acquired this core plus MOB in July 2023 marking Thomas Park’s third acquisition in the Boston MSA.  The building is anchored by Reliant Medical Group along with UMass Memorial and Walgreens.  The building will undergo over $20M of renovations to improve the patient experience throughout the property.

Deal Highlights

  • A2 credit rated anchor tenancy

  • Off-market transaction

  • Acquired in 2023

Property Details

Type:

-

Leasable Area: 

121,000 SF

Land Size

8.65 Acres

Built/Renovated:

1988/2010

Aquired:

2023

Strategy:

Core Plus

Source:

Off Market

Investment

Realized

Additional Photos

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