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Nordblom Buys Bedford R&D Building For $5.65M

Nordblom Co. has purchased 201 Burlington Road in Bedford, an R&D property on 9.3 acres of land for for $5.65 million.

"This property afforded a terrific opportunity to acquire a quality asset in an exceptional market location providing strong access and visibility," Og Hunnewell, a partner at Nordblom, said in a statement. "We intend to immediately commence on a significant upgrade to the building in keeping with the strong Burlington-Bedford office marketplace."

The building, acquired from 201 TSLF LLC, comprises 135,000 square feet of space available for R&D and office users, according to the statement.

Renovations to the building will include a new metal façade, window system and new HVAC system. The building was formerly a Polaroid service center.

Commercial & Industrial