"We think it's a fantastic headquarters location," DeMarco tells GlobeSt.com after acquiring the site from the Park at Great Woods. "We're pretty excited about it." Because of the permits in place, as well as infrastructure such as roads, sewer and utilities, Campanelli considers the venture a fast-track opportunity, says DeMarco. As such, his Braintree-based firm is already entertaining--and pursuing--several possible requirements, including a leading life sciences company circulating in the market.

Grubb & Ellis negotiated the $3-million sale on behalf of the Park at Great Woods, and EVP Jack Kerrigan says Campanelli's can-do approach made them the most qualified bidder. "They have a track record of successfully developing over 10 million sf in this market, and have studied this particular site for seven years," says Kerrigan, who handled the assignment with G&E VP Stephen Cook. The competition for the property "speaks to the strength of the commercial market," adds Kerrigan.

[IMGCAP(2)]Best known for assembling and developing massive industrial and warehouse properties throughout New England, with 10 business parks completed in Massachusetts, Campanelli has also done plenty of corporate projects as well, notes DeMarco. The company is responsible for the TJX headquarters in Framingham, for example, as well as the former Stop & Shop headquarters and Presidents Place, both in Quincy. "We have quite a bit of that under our belt," DeMarco says, and the firm has determined the TPC property would be an appropriate site for such upper-range construction.