Henry L. Danis, Westborough's town coordinator, tellsGlobeSt.com that the property is part of a 130-acre portfolio thatthe real estate development arm of Jasko Tools is purchasing fromTyrolit North America Inc., a manufacturing company. Jasko has anoption to purchase this building but has agreed to sell it to thetown for $2 million, or $45 per sf.

"We think it's a bargain," says Danis, who notes that toreplicate the building would cost about $90 per sf. Danis adds thatthe building would be used for future municipal space. The decisionto purchase needs to be approved in Town Meeting this March. Danissays that the seller has agreed to hold onto the property until thetown makes its decision.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.