Redgate & AEW Capital Management Acquire Office Building In Bedford, MA For $47.5M

The office property located at 100 Crosby Drive in Bedford, MA has been sold in a transaction. The sale took place on 03/23/2021. The asset consists of a total area of 287,890 square feet and is classified as an office space. The property was acquired by Redgate and AEW Capital Management. The sellers of the property were Sound Mark Partners and Jumbo Capital Partners. The sale price for the transaction amounted to $47,500,000, resulting in a price per square foot of $165.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $47,500,000
• Date: 03/23/2021
• Address: 100 Crosby Drive, Bedford, MA
• Buyer: Redgate & AEW Capital Management
• Seller: Sound Mark Partners & Jumbo Capital Partners

The deal was facilitated by brokers Matthew Sherry and Kerry Hawkins from JLL Boston.