WALTHAM, MA—Rockwood Capital and the Beal Cos. have acquired the 290,000-sf Waltham Corporate Center, a three-building complex fronting Route 128, for $57.8 million. The transaction was somewhat unusual in that Beal was also a partner in the previous ownership group, which included Financial Services Corp., Eagle Ridge Partners and Alliance Commercial Partners.

The largest of the three buildings, 52 Second Ave., holds 200,000 sf of space. The facility at 10 Second Ave. has 10,000 sf, while 40 Second Ave. is an 80,000-sf office building leased to medical-related businesses. Rockwood senior VP Walter Schmidt says the deal kicks off the New York City firm’s fourth investment fund.

Designed by Jung Brannen Associates, the building has a tenant roster that includes Massachusetts General Physicians Organization, Boston IVF and MCI Worldcom.

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