Hall Gillespie LLC, a real estate investment and development firm, sold its 500,000-square-foot, three-building office/R&D complex in Marlborough, Mass.
The value of the transaction was not disclosed.
Known as Addition Hill and located at 55 Fairbanks Blvd., the property was originally purchased in 2002 by Hall Gillespie from Lucent Technologies Inc. for $27.5 million. The 100-acre site is situated just off of Route 495 and is comprised of three buildings ranging in size from 100,000 to 200,000 square feet. The development team had installed a multi-million-dollar new entry road to the complex and was proceeding with a master plan for major building renovations.
Boston Scientific Corp. (NYSE: BSX) was the buyer.
Cushman & Wakefield of Massachusetts represented the seller in the transaction and Trammell Crow represented Boston Scientific.
Hall Gillespie LLC is a real estate investment and development company.
Send a comment or news tip to our newsroom.
Please include the headline of the story.
