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WALTHAM, MA-Rockwood Capital said Tuesday it had completed the acquisition of the two-building Waltham Place office/lab complex here from John Hancock Financial Services. Terms were not disclosed; published reports have put the selling price at $34.5 million.

Rockwood has significant capital improvements in mind for the property, which was developed in two phases between 1998 and 2000. The company has hired Boston-based Griffith Properties as the local operator and has assigned CBRE/New England as exclusive leasing agent. CBRE/NE’s efforts will be spearheaded by EVP/partner Andy Majewski and VP Rob Kinlin.

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