Biddeford FedEx facility sold to Boston real estate company
A Boston-based real estate investment trust has purchased the former Hostess Bakery location in Biddeford for $12.4 million that is now home to a FedEx Ground Services distribution center.
In 2014, Biddeford Holdings LLC purchased the 265,000-square-foot building, which once produced sweet snacks such as Twinkies and Ding Dongs from Flowers Foods, which acquired the production facility from Interstate Bakeries as part of its bankruptcy proceedings.
The building was leased to FedEx earlier this year following extensive renovations to the property before the site was then sold to STAG Industrial. The deal closed earlier this month with the investment company paying $12,436,000, according to a news release from CBRE | The Boulos Co.
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