REBusinessOnline

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

1-Patriots-Park-Bedford-MA

Longfellow Real Estate Partners plans to redevelop 1 Patriots Park into a Class A laboratory building.

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.

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