Ciminelli Real Estate adds to Massachusetts real estate portfolio

The companies paid $33.75 million for the complex, which has 210,945-square-feet of office space and 15.38 acres of land.

Ciminelli now has more than 500,000-square-feet of office space in the Boston market, said Ryan Zebro, vice president of investments.

“This acquisition provides us and our partners with an excellent opportunity to convert office properties into research and development space,” Zebro said.