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Global Investment Manager Acquires Fully Leased Life Science Asset in Boston 'Burbs

Barings Pays $132 Million for One Patriots Park in Bedford, Massachusetts
Jumbo Capital sold One Patriots Park in Bedford, Massachusetts, two years after acquiring it and making a series of property upgrades to support a range of laboratory requirements. (CoStar)
Jumbo Capital sold One Patriots Park in Bedford, Massachusetts, two years after acquiring it and making a series of property upgrades to support a range of laboratory requirements. (CoStar)
By CoStar News Staff
June 9, 2022 | 6:22 P.M.

Barings, a global real estate investment management firm owned by MassMutual, announced it acquired a fully leased life science building called One Patriots Park in the Boston suburb of Bedford, Massachusetts. Privately held real estate investment firm Jumbo Capital Inc. sold the property for $132 million, or just over $919 per square foot, in a transaction arranged by Newmark.

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