JLL Brokers $33.2M Sale of Data Center in Marlborough, Massachusetts
MARLBOROUGH, MASS. — JLL has brokered the $33.2 million sale of a 206,000-square-foot data center in Marlborough, located northeast of Worcester. The property, which also offers some flex space, is located at 34 St. Martin Drive. At the time of sale, the center was 95 percent leased. Data center tenants TierPoint and Crown Castle lease 85 percent of the property’s rentable square footage with a weighted average lease term of well over 10 years. Frank Petz, Matt Sherry and Tom Ragno of JLL represented the seller, Lincoln Property Co., in the transaction. The buyer was California-based Menlo Equities.