EMC offloads 166K-sq.-ft. Southborough office, latest downsizing since firm was acquired by Dell
Image | Courtesy of Google Maps
21 Coslin Drive in Southborough
EMC has further shrunk its footprint in Central Massachusetts, this time selling a 166,213-square-foot office building for $6.9 million to Framingham-based Atlantic Management.
The property, located at 21 Coslin Drive in Southborough, was sold in a deal finalized on Jan. 30, according to Worcester District Registry of Deeds records. A small portion of the building and parcel extend into neighboring Westborough.
EMC’s sale of the building comes after it sold a nearby 145,000-square-foot office building at 32 Coslin Drive to Atlantic in December for $26.1 million. Since being acquired for $67 billion by Texas-based Dell in 2016, EMC presence in Central Massachusetts has diminished, with the firm selling a Milford training facility for $1.7 million in 2022.
Prior to the merger with Dell, EMC originally planned on moving into a 193,228-square-foot, four-story building at 900 West Park Drive in Westborough after its construction in 2000, but later reversed the decision. With later plans for Westborough-based software firm eClinicalWorks to occupy the space were impacted by the emerging trend of remote work, the building has sat unused for a quarter-century, a representation for a decline in demand for office space in the suburbs of Central Massachusetts.
EMC first purchased the 17.8-acre property at 21 Coslin Drive and the 7.3-acre parcel in Westborough for $2.9 million in 2000. The two-parcel complex was given a 2025 tax assessment value of $17.13 million, according to Town of Southborough and Town of Westborough property records.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
WBJ Web Partners
Most Recent
Most Recent
0 Comments