An affiliate of Worcester-based investment and management firm First American Realty Inc. has purchased 218,650 square feet at the Attleboro Corporate Campus for $5.3 million from Conshohoken, Pa.-based Preferred Unlimited Inc.
The firm purchased building 12, a 213,000-square-foot facility, and building 5, a 5,650-square-foot building.
Formerly owned and occupied by Texas Instruments, the Attleboro Corporate Campus is a 300-acre mixed-use office and industrial campus located just off Interstate 95 in Attleboro.
Building 12, a 3-story manufacturing building that serves as Sensata Technologies’s global manufacturing headquarters, is leased in its entirety to Sensata Technologies on a long-term basis. Until 2006, Sensata was called Texas Instruments Sensors and Controls; today Sensata is a stand-alone company owned by Bain.
Building 5 is also leased on a long-term basis, to The BOC Group Inc., a worldwide distributor of industrial gases.
"First American Realty Inc. made an astute decision to buy a great asset in an outstanding campus at a price far below replacement costs," said David Stubblebine of The Stubblebine Co./CORFAC International, who represented the buyer and the seller in the transaction.
