Search
 

140-acre Land Site Up for Sale

MILFORD, MA-EMC Corp. will pay more than $5 million for 140 acres of undeveloped land, a parcel expected to accommodate the company's rapid growth.

By Joe Clements | Updated on September 01, 2000

Continuing to move its vast operations southward, EMC Corp. has reportedly agreed to buy 140 acres of raw land at the Quarry Industrial Park, a tract that could yield more than one million sf of commercial space. While an exact sales price was not available, one source familiar with the deal said it should exceed $5 million.

“I hear it is under agreement,” says the source. The Quarry Industrial Park is located along the Bellingham line and is near a building previously occupied by Data General. EMC’s recent acquisition of Data General is one reason for the firm heading into the Milford market, says the source, although observers also say the migration is needed because EMC is running out of space in its hometown of Hopkinton.

“It’s an excellent location,” adds the source, noting there is quick access to Route 495 and the Massachusetts Turnpike. The ability to develop such a large block of space is also harder to the north, says the source, with several well-heeled technology players competing for any available land or buildings in that market.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.