Equity Residential has sold a 193,230-square-foot medical office building on the Massachusetts General Hospital (MGH) campus for $123.3 million.

The 10-story, class A building at 50 Staniford St. was purchased on April 22 by an affiliate of RREEF Property Trust, the Boston Business Journal reported.

Cushman & Wakefield’s President Robert Griffin and Vice Chairman Edward Maher oversaw the transaction, with a team that included Executive Director Matt Pullen and C&W’s Medical-Academic Practice Group of Executive Director Frank Nelson, Senior Director Michael Greeley and Associate Director Thomas Greeley.

50 Staniford St. is 100 percent leased to a multi-tenant roster anchored by General Hospital, Partners HealthCare’s flagship hospital, which occupies 74 percent of the building. Other tenants include Ophthalmic Consultants of Boston and Boston Eye Surgery.

MGH Campus Building Sold For $123M

by Banker & Tradesman time to read: <1 min
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