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New England Baptist, Shields sell Dedham building for $34M

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Shields Health Care Group, New England Baptist Hospital and a group of physicians have sold their real estate holding in Dedham, raking in $34 million on the sale. The three groups, which will still occupy the majority of the building in a lease, purchased the 66,000-square-foot property at 40 Allied Drive in 2013 to construct a joint imaging and outpatient surgical center. The joint venture ownership entity sold the property to RREEF America LLC, a Deutsche Asset Management affiliate, for $34…

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