Norwood Medical Center Sold

From Thor Equities: Thor Equities today announced it has closed on the acquisition of Norwood Medical Center, its first property in the Greater Boston area, for $23.5 million.

Located at 825 Washington St. in Norwood, Massachusetts, the three-story, 92,000-square-foot medical office building is currently 95 percent occupied. Tenants include Steward Health Care, the largest private hospital operator in the United States, as well as Quest Diagnostics and Associates in Internal Medicine.

“Norwood Medical Center is a high-quality medical asset situated in one of the Boston area’s most desirable office, retail and residential locations,” said Joseph Sitt, CEO of Thor Equities.

Also known as Guild Medical Center, the newly renovated 4.75-acre property serves as the primary medical office and outpatient services complex for Steward Norwood Hospital located directly across the street. It is also a five-minute walk from the MBTA Commuter Rail’s Norwood Central station, a 10-minute drive from I-95 and close to Route 1, a major retail corridor for the area.

Thor Equities is a global leader in urban real estate development, leasing and management. The company owns commercial, retail, residential, hotel and mixed-use properties in major cities throughout the United States including New York, Washington, D.C., Miami, Chicago, Philadelphia, Houston, San Francisco and Los Angeles, as well as in Europe and Latin America.

Image via Thor Equities