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Berkeley Investments Pays $30-Mil for Former Wang HQ

TEWKSBURY, MA-The private real estate investment company plans to add 300,000 sf of office/flex space to the eight-building complex, which is located in one of the state's hottest office markets.

By Joe Clements | Updated on October 09, 2000

TEWKSBURY, MA-Proving more resilient than its one-time owner, the original corporate headquarters of Wang Laboratories has been purchased by Berkeley Investments, which plans to redevelop the existing eight buildings in the complex and add 300,000 sf of space. Berkeley paid Cornerstone Corp. $30 million for the 85-acre property, which is located at the junction of North Street and Route 495.

An Wang, founder of the now-defunct computer maker, selected the Tewksbury site in the early 1960s, when Route 495 was still in its planning stages. Between 1963 and 1980, Wang developed 755,000 sf of office and research space in the property before moving to a 1.2 million sf headquarters in nearby Lowell. Wang Laboratories was ultimately reduced to rubble when the computer hardware industry crashed in the late 1980s, with the last vestiges of the one-time giant finally disappearing earlier this year after being bought by Getronics, a Dutch high-tech company.

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