June 10, 2019
Boston-based commercial real estate investor MLL Capital has acquired a two-building medical office campus in Woburn. The sales price was not disclosed. Located at 7 and 12 Alfred St., the properties total 112,228 square feet.
Currently, the two buildings are 78% leased and are anchored by affiliates of Beth Israel Lahey Health, Tuft Medical Center and Woburn Pediatrics.
MLL plans to invest $4 million into renovating the campus to create a medical office environment capable of serving the area’s strong patient demand. Improvements will include remodeling entrances to both buildings, renovating common areas and replacing building systems and components.
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