On October 6, CBRE announced that it facilitated the sale of a Woburn, Massachusetts medical outpatient building (MOB) to Sendero Capital.
The MOB is a fully leased, multi-specialty, Class A facility that comprises 76,701 square feet. The MOB is anchored by Winchester Hospital, a member of Beth Israel Lahey Health, which operates multiple high acuity uses at the property including imaging and laboratory services, integrative therapy and a Breast Care Center.
The remaining space is occupied by Excel Orthopedic Specialists, a regional center that specializes in orthopedic surgery, rehabilitation therapy and imaging services such as digital X-ray, musculoskeletal ultrasound, CT and MRI.
Sendero Capital is a privately held real estate investment, development and advisory firm based in Boston, Massachusetts. The principals of the firm have decades of experience investing in, developing and managing large portfolios of real estate across the United States, including millions of square feet in the healthcare sector.
Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Jesse Greshin and Corra John of CBRE U.S. Healthcare Capital Markets partnered with Scott Dragos and Josh Kulak of CBRE Boston’s Capital Markets and Advisory and Transaction Services team to act as the exclusive advisors to the undisclosed seller.
This marks Sendero Capital’s first transaction of 2025. In 2024, the company announced three acquisitions, all in partnership with TPG Angelo Gordon.
According to data captured in the LevinPro HC database, this transaction marks the 167th MOB deal of the year. There were 213 MOB transactions announced in 2024, and 199 announced in 2023. This deal also marks the sixth MOB to be purchased in Massachusetts since the start of the year.
