Normandy Real Estate Partners has been a busy bee in Needham lately, scooping up several properties in the New England Business Center and other nearby assets, with the potential goal of assembling a corporate campus for a future tenant.

The company is planning to create a new office campus along Interstate 95, and has already demolished several of the properties purchased between March and October last year.

In this market, campus opportunities are highly sought after by corporate users, and often perform better than stand-alone buildings, according to industry sources. Normandy will not engage in any speculative development, but the firm has the opportunity to build up to 500,000 square feet of new construction on the site.

Normandy officials declined to comment for this article. The company is based in New Jersey, but operates a handful of local offices in Boston, Newton and Marlborough.

Normandy purchased five properties from Commonfund Realty Advisors for $21.05 million – roughly $93 per-square-foot – last March. Those properties include 130-150 A St.; 200 First Ave.; 360 First Ave.; 400 First Ave.; and 66 B St. in Needham. Together, they total 226,355 square feet.

In October, the company bought 37 A St., a 99,223-square-foot asset abutting the above properties, from Proctor & Gamble for $4.7 million, or $47 per-square-foot.

"Normandy owns properties from Quincy to Burlington to Marlborough, so they know what it takes to attract tenants," said one industry executive. "They’ve had meetings and tours and proposals from prospective tenants, but haven’t signed a deal with anyone yet."

With the zoning already in place for between 200,000 and 500,000 square feet of new construction, Normandy may think they can get a building or two built within 18 months of a company signing a lease for a build-to-suit option, the source added.