Search
 

127-Acre Marlborough Campus Sells for $135M

MARLBOROUGH, MA-An affiliate of Eaton Vance Management beats out at least 10 offers for the former headquarters of 3Com Corp., which includes 531,980 sf of fully leased space and the potential for 670,000 sf of future development.

By Beverly Ford | Updated on October 04, 2006

MARLBOROUGH, MA-A 127-acre campus that once served as the headquarters for high-tech giant 3Com Corp. has sold for nearly $135 million to an affiliate of Boston-based Eaton Vance Management. The hotly contested offering brought more than 10 bidders to the table.

The property, known as the Campus at Marlborough, is widely acknowledged as one of the premier corporate campuses in the Boston area and has 531,980 sf of fully leased, class A space along with the potential for 670,000 sf of future development.

“We initially approached the process looking for a joint venture partner but what came out of the marketing process was someone who wanted to own the property outright and was going to pay us a handsome profit to do so,” John Brogan, a vice president with BPG Properties, Ltd, the Philadelphia-based seller, tells GlobeSt.com.

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.