Spear Street Sells Marlborough Corp. Center for Nearly $26M

MARLBOROUGH, MA—San Francisco-based Spear Street Capital has sold the Marlborough Corporate Center office building here for $25.5 million.

The transaction was announced by brokerage firm Cassidy Turley. The 156,630-square-foot Class A office building was purchased by a private trust controlled by a principal of building tenant IPG Photonics, a provider of high power fiber lasers and fiber amplifiers.

The Marlborough Corporate Center was built in 1998 and is situated at 377 Simarano Drive directly off of Interstate 495 and is located 30 miles west of downtown Boston.

Cassidy Turley executive managing director, principal David J. Pergola and managing director Brian R. Doherty represented Spear Street Capital in the transaction.