Longfellow Real Estate Acquires Office Building for $11.3M, Plans Redevelopment

BEDFORD, MASS. — Longfellow Real Estate Partners has acquired 1 Patriots Park, an office building located at 40-42 Wiggins Ave. in Bedford, for $11.3 million, or $78 per square foot. The company plans to redevelop the 144,230-square-foot property into a Class A laboratory building, with repositioning scheduled to start this fall. Chris Skeffington, John Wilson, Jon Varholak and Roy Sandeman of Transwestern | RBJ negotiated the sale and sourced the buyer. The name of the seller was not released.