X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MARLBOROUGH, MA-Sepracor Inc. is purchasing the 192,600-sf headquarters it is currently leasing at 84 Waterford Dr. The property has development capacity for an additional 223,000 sf.

Calls to Sepracor, a pharmaceutical company, were not returned by press time but local industry expert Brian McKenzie, a partner at Richards, Barry & Joyce Partners confirms the details of the deal. He tells GlobeSt.com that Sepracor originally leased the building with an option to purchase it.

McKenzie, was not involved in the deal, points out that Sepracor invested $10 million in the building, noting that “given the amount of infrastructure they built,” it makes sense for them to purchase the building. He adds that because the company was leasing the whole site, the deal will not have a real impact on the area’s vacancy rates.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.