HAVERHILL, Massachusetts– January 11 2023– SVN | Parsons Commercial Group | Boston is pleased to announce the completion of 28,000 square feet of new & renewed medical office leases and extensions at 62 Brown Street in Haverhill.
Senior Advisor, Alex Berger, along with Assistant Managing Director of Brokerage, Matt Quinlan, and Associate Advisor, Miguel Encarnacion, of SVN | Parsons Commercial Group | Boston represented the Landlords, Thomas Park Investments and Echo Real Estate Capital in all transactions.
Within the past couple of months, 62 Brown Street has welcomed new tenants including GSA Social Security which will occupy 7,000 square feet. Care Counseling Services, a mental health center, leased 3,000 square feet. Orthopedics New England, an orthopedic care company, leased 2,500 square feet. In addition to the three new leases, 15,500 square feet within the building was renewed by two existing tenants.
“We continue to see strong activity in new deals, renewals, and expansions at Merrimack Medical Center”, said Senior Advisor Alex Berger of SVN | Parsons Commercial Group | Boston. “Ownership at Merrimack Medical Center continues to retain tenants and offer unique and effective solutions for medical office tenants in the Merrimack Valley.”
The Joint Venture between Thomas Park Investments and Echo Real Estate Capital has invested nearly half a million dollars in capital improvements to ensure the building remains a competitive choice with the Haverhill market.
Currently there is 8,200 square feet of vacant second-generation medical office space left in the building, with reserved covered parking available for select new leases.
62 Brown Street is a medical office building composed of approximately 55,608 square feet. The building features a direct connection to the Holy Family Hospital, a 122 bed, full-service, acute care part of the Steward Network. The building is conveniently situated between Interstates 495 and 95, five miles south of the New Hampshire border and 35 miles north of Boston.
About Thomas Park Investments Thomas Park Investments is a Maryland based private equity real estate firm specializing in healthcare real estate. TPI acquires core plus and value-add outpatient medical office buildings. Their experienced team has a proven track record of delivering results through multiple cycles.
About Echo Real Estate Capital Echo Real Estate Capital is a Chicago based full service real estate investment & development firm specializing in healthcare & real estate. Their platform provides build-to-suit development, value-add investments, sale/leasebacks and capital markets advisory services for healthcare providers nationwide. Echo has a unique perspective derived from decades of experience across the entire real estate transaction cycle.
About SVN | Parsons Commercial Group | Boston SVN® | Parsons Commercial Group | Boston is an independently owned and operated SVN® office located in Framingham, MA. The company is a leading provider of commercial real estate services including, leasing (tenant and landlord representation), investment sales, property management, development and construction management services.
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