Thor Equities Buys 92,000 SF Norwood Medical Center from GCP.
Thor Equities has acquired Norwood Medical Center—also known as Guild Medical Center—from Grander Capital Partners, for $23.5 million. The 92,000-square-foot property, located in Norwood, Mass., marks the company’s first purchase in the Greater Boston area.
The three-story building is currently 95 percent occupied, with Steward Health Care and Quest Diagnostics and Associates in Internal Medicine as primary tenants. The medical center sits across the street from Steward Norwood Hospital, serving as its primary medical office and outpatient services complex. According to Yardi Matrix data, the asset dates back to 1914. It was originally built as a school and converted to office in 1989. Grander acquired it in 2015 for $13.2 million from Susan Donovan.