BOSTON, MA – Investment manager Barings has acquired a nearly 144,000-square-foot, class A life science asset in the Boston suburb of Bedford, MA for $132 million. The firm purchased the property from the privately-held real estate investment firm Jumbo Capital Inc.
The two-story property, One Patriots Park, is fully-leased to four life science tenants.
The LEED Gold certified asset is situated on 14.4 acres of land and features high-quality, modern buildouts, including Biosafety level 2 and 3 laboratories. Barings plans to implement value-add enhancements by renovating the property's remaining first generation lab space.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
