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Five-Building NH Office Park Sells for $24M

BEDFORD, NH-Farley White Interests acquires the 285,000-sf Bedford Farms Office Park in an off-market deal with seller, the Gutierrez Co.

By Beverly Ford | Updated on February 28, 2007

BEDFORD, NH-A five-building, 285,000-sf office park here has been sold for $24 million to Boston-based Farley White Interests. The off-market deal gives the new owners a 60%-leased property with upside potential.

Sam Altreuter, a principal with Farley White, tells GlobeSt.com that the company, which owns another building in the Bedford Farms Office Park, liked the local property so much that it opted to purchase the entire site from the Gutierrez Co., of Burlington.

“We liked the location, the access and the dynamics of southern New Hampshire,” says Altreuter, adding that the company plans to reposition the asset and lease up the remaining space. The firm has owned 3 Bedford Farms, another building in the complex, for about five years, he adds.

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