Beth Israel medical office building granted 40-year tax exemption

The Quincy, Mass., planning board has approved a 40-year tax exemption for a new medical office building managed by Boston-based Beth Israel Deaconess Medical Center, according to a Jan. 24 report from The Patriot Ledger

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Following final approval from the mayor, the office building developer would be free from property taxes until 2064. 

The new building features an ambulatory care center that would provide a range of medical services, including urgent care, primary care, radiology, cardiology, OB-GYN, oncology, orthopedics, a pharmacy and a lab. 

The planning board also approved a reduction in medical space from 115,000 to 100,000 square feet. 

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