BEDFORD, MA-Opta Foods Ingredients Inc. sold 25 Wiggins Ave. to Toxikon Corp. for $4.8 million. Opta Foods, a developer of proprietary food ingredients, previously fully occupied the building. It has leased back part of the building to maintain its corporate headquarters at this location.

Brian Hines, principal, Michael Dalton, senior vice president and Sean Teague, principal of Trammell Crow Co. represented Opta Foods and procured the buyer. “This was a win-win situation for both parties,” says Dalton who points out that Toxikon needed expansion space to accommodate its growth.

The single-story office and laboratory facility, which was built in 1978 and renovated in 1996, is situated on eight acres at the Route 495/Route 2 interchange. According to Grubb & Ellis’s most recent statistics, the average asking rent for industrial space in the area–which includes flex space–is approximately $8 per sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.