Hologic headquarters complex in Marlborough sells for $66M
Photo | Courtesy | Newmark Knight Frank
The Campus at Marlborough
A Marlborough office complex including the Hologic headquarters has sold for $66 million to a Boston realty firm.
The buyer, Greatland Realty Partners, bought the sprawling office site from Hines, a Houston real estate and investment firm. Newmark Knight Frank, a commercial real estate advisory firm with local offices in Boston, brokered the sale.
The site, called the Campus at Marlborough, includes offices for ExaGrid, a data storage firm, in addition to Hologic, a medical device maker with nearly $3.4 billion in annual revenue last year. The roughly 530,000-square-foot complex was built in 1999 and includes space spread between four interconnected buildings. In total, the site is 76% leased to five tenants, according to Newmark Knight Frank.
The 121-acre property, between Simarano Drive and Forest Street, has been approved for 650,000 square feet of additional development, according to Hines.
The deal prices the office complex at $124 per square foot. The site last sold in 2002 for just under $58 million, according to city property records.
Greatland lists only one other office building in its portfolio, a 68,000-square-foot site it bought in 2019 at 1040 and 1050 Waltham St. in Lexington. Hines' portfolio includes adjacent office buildings on Boylston Street in Boston, among dozens across the world. The firm is building a 51-story mixed-use tower atop Boston's South Station.
The sale of the site closed at the Middlesex Registry of Deeds on June 12, with documents detailing the sale price at $62.7 million. Knewmark Knight Frank didn't immediately comment on the reported price difference.
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