{"id":1004283962,"date":"2018-12-05T07:17:44","date_gmt":"2018-12-05T15:17:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004283962"},"modified":"2022-12-04T20:49:51","modified_gmt":"2022-12-05T04:49:51","slug":"cit-group-provides-29m-acquisition-loan-for-boston-area-mobs","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cit-group-provides-29m-acquisition-loan-for-boston-area-mobs\/","title":{"rendered":"CIT Group Provides $29M Loan for Boston-Area MOBs"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004283965\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/600-Primrose.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004283965\" data-attachment-id=\"1004283965\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cit-group-provides-29m-acquisition-loan-for-boston-area-mobs\/600-primrose\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/600-Primrose.jpg\" data-orig-size=\"934,699\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Laura Calugar&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1544023751&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"600 Primrose\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/600-Primrose.jpg?w=934\" class=\"wp-image-1004283965 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/600-Primrose.jpg\" alt=\"Haverhill Medical Center\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/600-Primrose.jpg 934w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/600-Primrose.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/600-Primrose.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004283965\" class=\"wp-caption-text\">Haverhill Medical Center<\/p><\/div>\n<p>Chestnut Healthcare Partners, a discretionary investment fund co-managed by Anchor Health Properties and Chestnut Real Estate, has purchased two medical office buildings in the Boston area with the help of a $28.7 million loan. CIT Group Inc.\u2019s Healthcare Finance business provided the financing.<\/p>\n<p>Located at 680 Centre St. in Brockton, Mass., the first building houses the Greene Cancer Center, a Signature Healthcare Brockton Hospital affiliate. The hospital leases the property and intends to launch an oncology program on campus, along with orthopedics and other specialist services. The second building is situated at 600 Primrose St. in Haverhill, Mass. Known as Haverhill Medical Center the recently constructed medical office building houses Anna Jaques Hospital.<\/p>\n<p>CIT Group has also recently provided a $35 million construction loan for the development of a <a href=\"https:\/\/www.commercialsearch.com\/news\/cit-group-provides-35m-for-manhattan-office-project\/\">medical office building in Manhattan<\/a>, New York City. William Macklowe Co. and LaSalle Property Fund are the developers of the six-story project, which will replace an existing structure.<\/p>\n<p><em>Image via Google Street View <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chestnut Healthcare Partners is the new owner of the buildings. Signature Healthcare Brockton Hospital and Anna Jaques Hospital occupy the two assets. <\/p>\n","protected":false},"author":238,"featured_media":1004283965,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21825,21742,10,21747],"tags":[36946,33365,34929],"class_list":["post-1004283962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-finance","category-latest","category-northeast","category-office","tag-anchor-health-properties","tag-cit-group","tag-signature-healthcare"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CIT Group Provides $29M Loan for Boston-Area MOBs - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cit-group-provides-29m-acquisition-loan-for-boston-area-mobs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIT Group Provides $29M Loan for Boston-Area MOBs\" \/>\n<meta property=\"og:description\" content=\"Chestnut Healthcare Partners is the new owner of the buildings. Signature Healthcare Brockton Hospital and Anna Jaques Hospital occupy the two assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cit-group-provides-29m-acquisition-loan-for-boston-area-mobs\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-05T15:17:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T04:49:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/600-Primrose.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"934\" \/>\n\t<meta property=\"og:image:height\" content=\"699\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cit-group-provides-29m-acquisition-loan-for-boston-area-mobs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cit-group-provides-29m-acquisition-loan-for-boston-area-mobs\\\/\"},\"author\":{\"name\":\"Laura Valean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/2f8b737fce677cc406c08a2c29c1ff38\"},\"headline\":\"CIT Group Provides $29M Loan for Boston-Area MOBs\",\"datePublished\":\"2018-12-05T15:17:44+00:00\",\"dateModified\":\"2022-12-05T04:49:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cit-group-provides-29m-acquisition-loan-for-boston-area-mobs\\\/\"},\"wordCount\":180,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cit-group-provides-29m-acquisition-loan-for-boston-area-mobs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/12\\\/600-Primrose.jpg\",\"keywords\":[\"Anchor Health Properties\",\"CIT Group\",\"Signature Healthcare\"],\"articleSection\":[\"Boston\",\"Finance\",\"News\",\"Northeast\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cit-group-provides-29m-acquisition-loan-for-boston-area-mobs\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cit-group-provides-29m-acquisition-loan-for-boston-area-mobs\\\/\",\"name\":\"CIT Group Provides $29M Loan for Boston-Area MOBs - 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