Newmark announces the successful completion of the $66 million sale of The Campus at Marlborough in Marlborough, Massachusetts on behalf of a fund sponsored by Hines to Greatland Realty Partners. Newmark Co-Head of U.S. Capital Markets Robert Griffin, Vice Chairman Edward Maher, Executive Managing Director Matthew Pullen and Managing Director Samantha Hallowell of the firm’s Boston Capital Markets group oversaw the transaction of the trophy-quality office campus in conjunction with Newmark Executive Managing Director J.R. McDonald and Senior Managing Director Tyler McGrail.
Comprising four interconnected buildings – three office buildings and one amenity building – The Campus at Marlborough totals 531,916 square feet of space set on a 121-acre campus. The property is presently 76 percent leased to a five-tenant roster anchored by the global headquarters of medical technology company Hologic.
“The Campus at Marlborough has been meticulously maintained under active ownership with significant base building and tenant improvements completed since 2013,” said Pullen. “The institutional-quality asset further facilitates a modern tenant experience with an extensive roster of indoor and outdoor amenities.”
On-site amenities include a full-service cafeteria, Starbucks lounge, staffed fitness center, 300-person auditorium, conference facilities, outdoor seating areas, walking/jogging trails and basketball and volleyball courts. The Campus at Marlborough is also strategically situated immediately off Interstate 495, moments from Routes 9 and 20, between Interstates 90 (Massachusetts Turnpike) and 290, and just 35 miles west of Boston.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 18,000 professionals operate from approximately 480 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.