The plan also calls for Campanelli to renovate the building to suit UTI's educational needs, at a cost of about $11 million, according to Campanelli principal Stephen Murphy. The school is expected to be ready by the fall.

UTI conducted a three-state search in Massachusetts, New Hampshire and Rhode Island seeking a campus site, and, with the aid of the Massachusetts Alliance for Economic Development, selected Norwood. "The Norwood location is critical to our strategic initiative of new market expansion," says Kimberly McWaters, president and CEO of UTI, in a statement.

Located off Route 1A, about a mile from Route 128, 200 Upland Woods Rd. has ceiling heights of 15 feet to 20 feet, seven loading docks and 8,750 sf of clean rooms. The building and land sold to UTI represent a small portion of the 131-acre campus purchased by the Campanelli from Polaroid in 2003.

Picked up for $17.3 million, the property still has a 260,000-sf building and more than 106-acres of land that can be sold or developed. Murphy tells GlobeSt.com that Campanelli will sell an undisclosed portion of the land, reposition and sell the existing building and do a 220,000-sf build-to-suit project with the remaining acreage. "We're marketing [the property] to the high-tech corporate community who have headquarter needs as well as manufacturing and R&D, and want to put it all under one roof." Senior VP Hank Amabile of Grubb & Ellis represented the seller and the firm has drawn the leasing assignment for the remaining building.