Licensed to Jones Lang LaSalle to market this property at 670 Albany Street, Boston MA.

Healthcare Trust of America (HTA) has acquired 670 Albany St. at Boston University’s BioSquare in Boston’s South End for $101.5 million.

The 161,254-square-foot facility includes lab facilities, classroom space and an auditorium and is 100-percent leased to Boston University and Boston Medical Center.

The acquisition gives Scottsdale, Ariz.-based HTA a portfolio of 844,000 square feet in Greater Boston including affiliations with BMC, Steward Healthcare and Tufts Medical Center.

JLL’s Frank Petz, Jessica Hughes and Mindy Berman represented the seller, Spaulding & Slye Investments, which developed the facility in a joint venture between Boston University and Boston Medical Center.

“This asset boasts the highest-quality lab facilities as well as classroom space,” Petz said in a statement. “We’re seeing a tightening market for office/lab properties, making 670 Albany Street all the more attractive to investors.”

Healthcare Trust Of America Buys BioSquare Building For $101.5M

by Banker & Tradesman time to read: 1 min
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