Beverly Hospital Hunt Center at 75 Lindall St. in DanversDanvers-based health care real estate firm Central Healthcare Initiatives (Chi) has purchased the Beverly Hospital Hunt Center at 75 Lindall St. in Danvers.

Jones Lang LaSalle represented the seller, Northeast Hospital Corp., and procured the buyer.

The property was assessed at approximately $20.6 million in 2009, according to The Warren Group, parent company of Banker & Tradesman.

The center is a 150,000-square-foot facility on 16.5 acres off Route 62.

Chi, a subsidiary of The Traina Cos., will develop and manage the healthcare campus. The company said that uses being considered for the site include a specialty healthcare facility, a multi-tenant campus of "synergistic medical practices" and senior care services. Adjacent to the property are the Hunt Nursing & Retirement Home, and Putnam Farm, operated by Benchmark Assisted Living.

The estimated $100 million campus project is financed in part by Reading Co-operative Bank. The Boston office of architectural firm Perkins Eastman is responsible for project planning/design.

Chi Acquires Former Beverly Hospital Hunt Center

by Banker & Tradesman time to read: 1 min
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