Triple Net Makes $116M Boston Entrance

Making an impressive debut in the Boston market, Triple Net Properties has picked up two prime properties in the central business district from Tufts-New England Medical Center. The acquisition, which closed on Sept. 5, was completed on behalf of tenant-in-common investors. Sources tell CPN that the Tupper and Biewend buildings on the Tufts-NEMC campus sold for $54.9 million and $61.1 million, respectively. In total, the 10-year triple net lease transaction for the medical offices and labs totaled $116 million.