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Spear Street Sells Marlboro Corporate Center For $25.5M

Dec 2, 2014 | Reprints | Unlock Link | Print

Marlborough Corporate Center (1) San Francisco-based Spear Street Capital has sold Marlborough Corporate Center to a private trust for $25.55 million.

Built in 1998, the property at 377 Simarano Drive in Marlborough contains 156,630 square feet of class A office space and a cafeteria.

Spear Street acquired the property in 2005 for $25.5 million. The buyer, IPFD Realty I LLC, is a private trust controlled by Valentin Gapontsev, founder and CEO of IPG Photonics, a fiber laser manufacturer that is a tenant of the building.

Cassidy Turley’s David Pergola and Brian Doherty represented Spear Street Capital in the transaction.

Commercial