The buyer appears to be locally-based Davis Cos. but John Davis would neither confirm nor deny the deal. "The parties are bound by a confidentiality agreement," he tells GlobeSt.com. Skip Colcord, spokesperson for Polaroid was equally circumspect.
"We have nothing to announce yet," he says. When asked about the company's asking price for the campus Colcord tells GlobeSt.com that the company "let the market establish the price" for the property.
The final selling price had broad implications for Polaroid, which is in the process of trying to pay down its debt. The company recently sold two of its buildings in Cambridge for $35.7 million.
Continue Reading for Free
Register and gain access to:
- 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
© 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.
