Hobbs Brook Management LLC has purchased three buildings in Wakefield totaling 313,300 square feet for an undisclosed price.

With the Waltham company’s purchase of the buildings at 101, 201 and 500 Edgewater Drive, Hobbs Brook now owns all seven buildings in the Edgewater Office Park. The company developed and built buildings 601 and 701 Edgewater Drive in 2001 and 2003, and acquired 301 and 401 Edgewater Place in 2009. Hobbs Brook increased its overall portfolio to 20 buildings and 2.65 million square feet in the Boston suburbs, according to a statement.

According to records obtained by The Warren Group, publisher of Banker & Tradesman, 101 Edgewater Drive was last assessed for $7.5 million. The 102,000-square-foot building at 201 Edgewater Drive was last assessed for $10.1 million, and 500 Edgewater was last assessed at $14.9 million.

"We have had great success owning and managing our four other buildings in Wakefield, so it made sense to purchase the other three when the opportunity came our way," said Donald Oldmixon, first vice president of construction, real estate and leasing. "We specialize in on-site property management and focusing on the needs of our particular tenants, so we are looking forward to serving both the current tenants in these buildings, as well as those who choose to re-locate to our park."

Hobbs Brook was represented by Charles E "Chip" Batchelder, managing director with Wyman Street Advisors. The sellers were represented by David Pergola, executive director, Capital Markets Group, New England region, Cushman & Wakefield of Massachusetts Inc. as well as Robert Griffin Jr., president of the New England region, and Edward Maher, executive vice president.