SanDisk eyes move to Marlborough, adding 60 jobs
(Updated Tuesday, April 29; 4:35 p.m.) Marlborough’s city council is considering a tax break proposal for California-based SanDisk Corporation, which is looking to relocate its regional research operations to the city.
The flash storage company said it wants to lease 60,000 square feet in the Solomon Pond Office Park and add 60 jobs over the next three years. SanDisk said the relocation would result in a $14.5 million investment into the long-vacant building at 200 Donald Lynch Blvd.
SanDisk currently employs 80 in Westford following the 2013 acquisition of Smart Storage. Those workers would be relocated to Marlborough, the company said in documents filed with the state.
“SanDisk’s choice of our city is owed to our centralized, accessible location, our region’s concentration of a highly skilled and knowledgeable workforce, and the vibrant atmosphere that makes our community an attractive place to work,” Mayor Arthur Vigeant said in a letter Friday to the city council.
The company is asking for a five-year Tax Increment Financing package that would exempt SanDisk from all property taxes in the 2015 fiscal year (starting July 1, 2014), 50 percent of taxes in FY 2016, 30 percent in FY 2017, 20 percent in FY 2018 and 10 percent in FY 2019.
Tim Cummings, executive director of the Marlborough Economic Development Corp., said Tuesday that the City Council has referred the request to its finance committee.
SanDisk said it expects to begin renovations approximately May 15 and move into the new building August 15. The company would invest $11.6 million into the building, while the building owner BGI Holdings III LLC would cover the remaining $2.9 million.
The updates will include 15,000 square feet of modern lab facilities, a large meeting space, open workstations, a new customer-facing lobby and some 15 conference rooms, SanDisk said.
The 121,598-square-foot property has sat at least half vacant for more than a decade, the city said in a filing with the state, and needs major upgrades to be suitable for business use. SanDisk will occupy 20,000 square feet on the first floor of the building and 40,000 square feet on the second floor, the company said.
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