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Lincoln Property Buys Marlborough Data Center

May 18, 2016 | Reprints | Unlock Link | Print

Lincoln Property Co. has acquired a 203,840-square-foot data center in Marlborough from Deutsche Bank for $19.5 million.

The center at 34 St. Martin Drive is 100 percent leased to nine tenants, including anchor data center users Tierpoint and Lightower. Located near critical fiber networks and utility infrastructure, it’s equipped with enhanced fire control and other infrastructure designed to maintain essential business operations.

JLL’s Frank Petz, Chris Angelone, Jessica Hughes, Matthew Sherry and George Gregory represented the seller.

“This fully occupied property offers an attractive and stable cash flow, while future upside is also available in marketing rents to a level comparable with other nearby data center facilities,” Petz said in a statement.

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