Dennis A. Clarke Of Cummings Properties Acquires Bedford Office Campus For $5.6M

The transaction involved the sale of an office asset located at 174 Middlesex Turnpike & 176 Middlesex Turnpike in Bedford, MA. The property encompasses a total area of 330,000 square feet and was sold for a price of $5,600,000, translating to a price per square foot of $17. The property had previously been long-vacant and was part of the Bedford Woods office and research campus.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $5,600,000
• Square Footage: 330,000
• Address: 174 Middlesex Turnpike & 176 Middlesex Turnpike
• Market: Bedford, MA
• Buyer: Dennis A. Clarke
• Buyer’s Company: Cummings Properties
• Price per Square Foot: $17

Cummings Properties won the property through a public auction with a cash bid, which was significantly lower than its prior sale price in 2012, which was $93,000,000. Dennis A. Clarke represents Cummings Properties in this transaction.