{"id":1004192399,"date":"2017-10-03T07:48:07","date_gmt":"2017-10-03T15:48:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004192399"},"modified":"2018-08-08T07:36:34","modified_gmt":"2018-08-08T15:36:34","slug":"suburban-boston-tech-campus-trades-for-46m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/suburban-boston-tech-campus-trades-for-46m\/","title":{"rendered":"Suburban Boston Tech Campus Trades for $46M"},"content":{"rendered":"

By Corina Stef<\/p>\n

\"Marlborough<\/a>

Marlborough Technology Park, Marlborough, Mass.<\/p><\/div>\n

Normandy Real Estate Partners has\u00a0sold its 57-acre\u00a0Marlborough Technology Park in Marlborough, Mass., to KS Partners, which acquired the\u00a0campus for $46 million and has taken over the property management services, selecting Transwestern’s\u00a0John Lashar as leasing agent for the building.\u00a0<\/p>\n

Multimillion-dollar improvements<\/h2>\n

The seven-building campus underwent a $9.8 million renovation program that\u00a0includes complete\u00a0infrastructure and landscaping improvements and refurbished\u00a0lobbies. Amenities include\u00a0a full-service cafeteria, multimedia conference center, lounge and fitness center with full-service locker rooms, in addition to 2,200 parking spaces. The property has an extensive window line, which offers plenty of natural light.<\/p>\n

Marlborough Technology Park comprises 584,648 square feet spread along\u00a0Nickerson Road and offers easy access to major roads such as interstates 495 and 90, Route 20 and Simarano Drive. It is also located in the vicinity of the upcoming 11-building Apex Center of New England, as well as restaurants, hotels and retailers.<\/p>\n

\u201cMarlborough has a reputation of being very business-friendly, which attracts a strong tenant base and is evidenced by the uptick in nearby amenities,<\/em>\u201d KS Partners President & Founder\u00a0Kambiz Shahbazi said in a prepared statement.\u00a0The campus is leased\u00a0to tenants such as Cavium Inc., ViaSat, Oracle, Roche and Tetra Tech.<\/p>\n

According to public records, the property previously traded in 2006, when Normandy Real Estate Partners acquired it as part of a 13-property portfolio from Morgan Stanley. The firm has also recently entered into a strategic partnership with\u00a0NTT Urban Development Corp.<\/a><\/p>\n

Image courtesy of KS Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The seven-building Marlborough Technology Park in Marlborough, Mass., is home to a diverse and strong tenant roster that includes Cavium Inc., ViaSat, Oracle and Roche. <\/p>\n","protected":false},"author":241,"featured_media":1004192410,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21743,21783,21742,10,21747],"tags":[37520,33267,33313],"class_list":["post-1004192399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-deals","category-investment","category-latest","category-northeast","category-office","tag-ks-partners","tag-normandy-real-estate-partners","tag-transwestern"],"acf":[],"yoast_head":"\nSuburban Boston Tech Campus Trades for $46M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/suburban-boston-tech-campus-trades-for-46m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suburban Boston Tech Campus Trades for $46M\" \/>\n<meta property=\"og:description\" content=\"The seven-building Marlborough Technology Park in Marlborough, Mass., is home to a diverse and strong tenant roster that includes Cavium Inc., ViaSat, Oracle and Roche.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/suburban-boston-tech-campus-trades-for-46m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-03T15:48:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-08-08T15:36:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Webp.net-resizeimage.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/suburban-boston-tech-campus-trades-for-46m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/suburban-boston-tech-campus-trades-for-46m\/\",\"name\":\"Suburban Boston Tech Campus Trades for $46M - 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