Thomas Park Investments Acquires 125,000 SF Outpatient Medical Office Facility in Southboro, Massachusetts
Thomas Park Investments, a leading real estate healthcare investment firm, announces the successful acquisition of 24-32 Newton Street, a multi-tenant outpatient medical office facility spanning 125,000 square feet in Southboro, Massachusetts.
- Thomas Park Investments, a leading real estate healthcare investment firm, announces the successful acquisition of 24-32 Newton Street, a multi-tenant outpatient medical office facility spanning 125,000 square feet in Southboro, Massachusetts.
- View the full release here: https://www.businesswire.com/news/home/20230804626023/en/
Thomas Park Investments Acquires 125,000 SF Outpatient Medical Office Facility in Southboro, Massachusetts (Photo: Business Wire)
The acquisition of the outpatient medical facility involved a complex and strategic approach, showcasing Thomas Park Investments' expertise in navigating challenging real estate deals with multiple stakeholders. - Renegotiation of Major Tenancy: During the due diligence process, Thomas Park successfully renegotiated a 97,000 SF lease extension with anchor tenant Reliant Medical Group solidifying the property’s stability and the investments long-term value proposition.
- About Thomas Park - Thomas Park is a full service commercial real estate firm offering alternative investment strategies and third party commercial real estate services.