What: The Xchange at Bedford
Where: Crosby Drive, Bedford
Built: 1968
Owner: Jumbo Capital Management and Sound Mark Partners  

Quincy-based Jumbo Capital Management and Sound Mark Partners have acquired The Xchange at Bedford, an eight-building campus totaling 479,000 square feet, for $108 million. 

The campus is nearly 89 percent leased to five tenants including the U.S. headquarters of iRobot Corp., which has expanded to 272,000 square feet. The property also has capability to support up to 112,000 square feet of additional lab or life science manufacturing development. 

The Davis Cos. of Boston acquired the property, previously known as Bedford Business Park, in 2012 for $62.8 million. Under The Davis Cos.’ ownership, architects Gensler designed a series of updates to the property including new outdoor gathering spaces, exterior improvements and centralized amenities. 

JLL’s capital markets team led by Frank Petz represented The Davis Cos. in the latest transaction and JLL has been named leasing agent by the new ownership team. 

“There was a broad and deep interest in The Xchange, which further proves the high level of demand for quality product in the Boston suburbs. The Davis Cos. did a great job modernizing the asset for flexible tenant use, including technology, biotech and life sciences.” 

— Frank Petz, managing director, JLL capital markets