PROMED PROPERTIES PURCHASE BIEWEND, TUPPER BUILDINGS FOR $112M

BOSTON — ProMed Properties has purchased the Biewend and Tupper buildings in Boston for approximately $112 million. The buildings sit on the Tufts Medical Center campus and are 100 percent leased to Tufts Medical Center, a teaching hospital for Tufts University Medical School. The 14-story Biewend Building, located at 260 Tremont St., is 154,500 square feet and houses the New England Eye Center, Division of General Internal Medicine and the Adult Orthopedic Clinic. The 14-story Tupper Building, located at 15 Kneeland St., is 97,600 square feet and houses 12 stories of laboratories and two stories of office space. Grubb & Ellis’ Phil Giunta and Anthony Biette represented Daymark Realty Advisors, the buildings’ managers, and procured ProMed Properties.