Boston – Colliers Boston Capital Markets team announced that it has recently arranged acquisition/rehab financing for a healthcare rehabilitation center located at 10 Carematrix Drive in Dedham, MA.
The 63,000-square-foot healthcare center was purchased by GFI Partners, a prominent Boston-based investor/developer, and their partner, Walden Behavioral Care. The Colliers team of Adam Coppola, Tom Welch, John Poole, and Tonia Jenkins secured the acquisition financing with The Washington Trust Company.
Constructed in 1996, the four-story building was designed for use as an assisted living facility and will be rehabilitated into a new first-class 100-bed facility for the holistic treatment of eating disorders, secured by a long-term lease to Walden Behavioral Care. Located adjacent to the Dedham Corporate Center T station with rail service to Boston, the property is well-situated just off Route 128 proximate to a substantial base of quality multifamily, retail and hotel amenities.
“GFI Partner’s premier development expertise combined with Walden’s first-rate care will enable this facility to provide a desperately needed high-quality Boston area treatment option for families battling eating disorders,” stated Adam Coppola, Vice President at Colliers International.