Boston – Boston-based The Davis Companies announced that it has acquired Fresh Pond Technology Park in Cambridge and Bedford Business Park in Bedford adding to its portfolio of technology-related properties and positioning itself to continue to grow with the state’s technology and life sciences sectors.
Fresh Pond Technology Park comprises six buildings totaling 206,987sf of office/R&D and light industrial space. Located on 10 acres of land in West Cambridge. The Davis Companies is pursuing future development of the property, which is presently underutilized, as suburban tenants seek to locate close to the urban hub. Jones Lang LaSalle represented the seller, AO Wilson/Spaulding & Slye Investments, in the transaction.
Bedford Business Park is situated on a 22-acre site Bedford. It contains three buildings totaling 470,000sf of office and flexible R&D space that accommodates light manufacturing, larger scale R&D operations and biotechnology. Its location is convenient to Route 3, Interstate 93 and Route 128, making it attractive to technology tenants looking for easy commuter access from both New Hampshire and Massachusetts, while only 18 miles from Boston.
Davis believes these locations will become appealing to life science tenants looking for light manufacturing space and which are being priced out of Cambridge. Numerous life science and technology companies are already located in Bedford.
The Davis Companies Purchases
Boston – Boston-based The Davis Companies announced that it has acquired Fresh Pond Technology Park in Cambridge and Bedford Business Park in Bedford adding to its portfolio of technology-related properties and positioning itself to continue to grow with the state’s technology and life sciences sectors.
Fresh Pond Technology Park comprises six buildings totaling 206,987sf of office/R&D and light industrial space. Located on 10 acres of land in West Cambridge. The Davis Companies is pursuing future development of the property, which is presently underutilized, as suburban tenants seek to locate close to the urban hub.