2 Tufts-New England buildings sold

A subsidiary of NNN Realty Advisors Inc. has acquired two buildings on the Boston campus of the Tufts-New England Medical Center for around $116 million as part of a transaction in which the medical center will lease back the buildings.

The acquired properties are the Biewend Building and the Tupper Building, both 14 stories tall, said Triple Net Properties LLC, the NNN subsidiary; much of the space in the buildings is used for laboratories and outpatient services.

Triple Net, which said it acquired the buildings on behalf of tenant-in-common investors, said the seller was NEMC Real Estate Co., the medical center's real estate arm, which was represented in the transaction by Grubb & Ellis Co., a Chicago-based real estate services firm.

Headquartered in California, NNN Realty Advisors is a commercial real estate and asset management firm.
(By Chris Reidy, Globe staff)