Grander Capital Buys into MA Office Campus

Campanelli has sold Heritage Point, a 160,912-square-foot office building in Quincy, Mass., to a joint venture of Grander Capital Partners and North Colony Asset Management. In a deal brokered by Newmark Knight Frankthe partnership paid $28.3 million for the property.

Built in 1988 and renovated in 2015, the property includes a reimagined boutique-like lobby, fitness center, conference areas and a full-service café with an exterior deck fronting the Neponset River. Additionally, the asset boasts floor plates ranging from 18,233 to 29,077 square feet.

Heritage Point is located at 108 Myrtle St., close to restaurants, banks, childcare and other businesses. The property is 85 percent occupied by seven different tenants and is anchored by healthcare union 1199SEIU. Other tenants include ClinEdge and GateHouse Media.

Newmark Knight Frank U.S. Head of Capital Markets Robert Griffin, Vice Chairman Edward Maher, Executive Managing Director Matthew Pullen, Director James Tribble and Associate Director Samantha Hallowell, along with Executive Managing Director Michael Frisoli and Associate Director Tyler McGrail represented the seller in the transaction.

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