Longfellow Real Estate Partners Sells Bedford, MA R&D for $132M
May 23, 2022
Longfellow Real Estate Partners has completed the sale of its $132 million R&D property located at 40-44 Wiggins Ave (1 Patriots Park) in Bedford, MA. The buyer is an affiliate of Barings out of Hartford, CT.
Longfellow RE owned the property since December 2020, when it purchased it for $72.5 million from Jumbo Capital Management LLC, who purchased the asset in August 2015 for $11.25 million from SPI-Trust, according to records at the county registry of deeds.
The property is located in what is known now as the "Science & Technology District at Wiggins Avenue," a location branded by the town of Bedford to advertise its "innovative life science cluster".