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Boston & New England  + Industrial  |  July 26, 2019
David Cohen
By: David Cohen

Menlo Equities Acquires Marlborough Data Center for $33M

California-based Menlo Equities has acquired a 206,000-square-foot data center in Marlborough for $33.2 million. Marlborough is approximately 30 miles west of Boston’s CBD.

Located at 34 St. Martin Dr., the property is currently 95% leased to a tenant roster that includes IT firm TierPoint and communications provider Crown Castle. Both tenants have a weighted average lease term of more than 10 years. The center is proximate to major fiber networks and utility infrastructure.

Frank Petz, Matt Sherry and Tom Ragno of JLL represented the seller, Lincoln Property Co., in the transaction.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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