The two parcels, which were sold by Flatley Co., could yield up to 1.6 million sf in space, which the company will develop as office and research and development space. " EMC is growing rapidly and planning for future development is necessary," Lieske tells GlobeSt.com.
The property was attractive to EMC because it is adjacent to Data General, the high-tech company recently acquired by EMC. "EMC owns a number of buildings along the Route 495 corridor," notes Lieske. "This makes it easy for employees to go between buildings, which is important to us." The new property is about a ten minute drive from the company's headquarters.
Recently, EMC leased 250,000 sf in Westborough, secured a 103,000-sf block at 450 Fortune Blvd. in Milford, and is also reportedly taking more than 100,000 sf of industrial space at Lincoln Property's speculative industrial project in Franklin.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
