Bulfinch Purchases Newton's Atrium Mall, Will Convert Property into Medical Offices
Needham-based Bulfinch Cos. reportedly paid Simon Property Group $46 million.
After speculation surfaced last month that Newton's Atrium Mall would be soon be sold, a Needham-based firm has purchased the property with plans to convert it into medical offices. According to a report in the Boston Business Journal, the mall has been sold to an affiliate of Bulfinch Cos. Although a price was not disclosed, Bulfinch recently made a $46 million payment to the mall's owners, Simon Property Group, BBJ reported. Check out more details in the full BBJ report. Bulfinch CEO Eric Schlager told BBJ that the firm plans to renovate the facility and use it as an office and medical center campus. The 300,000-square-foot property will be renamed the Atrium Center at Chestnut Hill. Construction at the site is set to begin this year …
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Wendy Schapiro
9:41 am on Tuesday, July 24, 2012
They are more than welcome to relocate the Cheesecake Factory to my living room ;-) more ›