image courtesy NKF

A 531,916-square-foot office park anchored by medtech firm Hologic has been acquired by Boston-based Greatland Realty Partners fund for $66 million.

The Campus at Marlborough comprises three office buildings and an amenity building on 121 acres and is 76 percent leased to five tenants. Amenities include a cafeteria, Starbucks lounge, fitness center, 300-capacity auditorium and conference facilities, outdoor seating, trails and basketball and volleyball courts.

Newmark Knight Frank’s capital markets team oversaw the transaction, while JLL’s capital markets team arranged debt and equity financing. Brookline Bank provided $51.9 million in acquisition financing in the form of a seven-year, fixed-rate mortgage, while Greatland and Breed’s Hill Capital of Charlestown formed a joint venture partnership as equity investors.

Founded in 2018 by Kevin Sheehan and Phil Dorman, previously executives with Boston Properties and Oxford Properties Group respectively, Greatland previously acquired 1040 and 1050 Waltham St. in Lexington in an April 2019 transaction that received $9.2 million in acquisition financing from Brookline Bank.

Boston Developers Buy Marlborough Office Park for $66M

by Steve Adams time to read: 1 min
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