Barings Acquires Life Science Property In Bedford, MA For $132M

Barings has acquired a life science property located at 1 Patriots Park in Bedford, MA. The property spans 143,553 square feet and was sold for a total price of $132,000,000. The sale price per square foot was $920.

Summary of transaction details

• Property Type: Life Science
• Transaction Amount: $132,000,000
• Date: 06/09/2022
• Address: 1 Patriots Park, Bedford, MA
• Market: Bedford, MA
• Buyer: Barings
• Seller: Jumbo Capital - Nick Trocki & Jay Hirsh
• Brokers: Robert Griffin, Edward Maher, Matthew Pullen & Samantha Hallowell - Newmark

The deal involved prominent individuals including Robert Griffin, Edward Maher, Matthew Pullen, and Samantha Hallowell from Newmark who represented the buyer and seller in the transaction.