Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WESTBOROUGH, MA-The prospect of acquiring a 45,000-sf building near the center of town could prove to be too tempting for residents here to pass up. At least that’s the hope of town officials who have been negotiating to purchase the property on Brigham Street.

Henry L. Danis, Westborough’s town coordinator, tells GlobeSt.com that the property is part of a 130-acre portfolio that the real estate development arm of Jasko Tools is purchasing from Tyrolit North America Inc., a manufacturing company. Jasko has an option to purchase this building but has agreed to sell it to the town for $2 million, or $45 per sf.

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

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?



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.