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

100 Crosby Drive
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This Office property located in MA was sold for $47,500,000 about 3 years ago. The brokers of the deal were Matthew (Matt) Sherry and Kerry Hawkins

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.

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Deals
  • Location
    100 Crosby Drive, Bedford, Massachusetts, USA100 Crosby Drive, Bedford, Massachusetts, USA
  • Sale Price
    $47,500,000$47,500,000
    $165 PPSF$165 PPSF
  • Area
    287,890 SF287,890 SF
  • Asset Type
    OfficeOffice
  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

Agents

Matthew (Matt) Sherry

Matthew (Matt) Sherry

Deals18
Sold$991.9M

Kerry Hawkins

Kerry Hawkins

Deals5
Sold$237.2M

Agencies

Colliers International

Colliers International

Agency
Deals1674
Volume$36.2B

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE IMAGE: Kerry Hawkins & Matthew Sherry DATE: 03/23/2021 ADDRESS: 100 Crosby Drive MARKET: Bedford, MA ASSET TYPE: Office SELLER: Sound Mark Partners & Jumbo Capital Partners BUYER: Redgate (@Redgate_Realestate) & AEW Capital Management BROKERS: Matthew Sherry & Kerry Hawkins (@Klolson26) – @JLL @JLLBoston SALE PRICE: $47,500,000 SF: 287,890 ~ PPSF: $165

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100 Crosby Drive

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