February 7, 2025 - 19:49
WORCESTER, MA – EMC has continued to downsize its operations in Central Massachusetts by selling a substantial office building measuring 166,213 square feet. The property was acquired for $6.9 million by Atlantic Management, a company based in Framingham. This transaction marks another significant step in EMC's strategy to streamline its real estate holdings in the region.
The office building, located in Southborough, has been a part of EMC's portfolio for several years. The sale reflects the ongoing trends in the commercial real estate market, where companies are reassessing their space needs in light of changing work environments and economic conditions.
Atlantic Management's acquisition of the property is expected to enhance its portfolio and may lead to new opportunities for development or leasing in the area. As businesses adapt to the post-pandemic landscape, the demand for office space continues to evolve, influencing the decisions of major corporations like EMC.
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LEXINGTON - Weekly Real Estate Transactions in Dawson CountyThe Dawson County Register of Deeds has released the latest weekly real estate transactions, providing insights into the local property market. During the week of September 19, a variety of...
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Innovative Bilingual App Bridges Singapore's Real Estate Market for Global BuyersIn a significant step towards enhancing accessibility in the property sector, a new mobile application has been launched to facilitate seamless navigation between English and Chinese. This upgraded...
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Babson TARCO Institute for Real Estate and Entrepreneurship LaunchesThe newly established Babson TARCO Institute for Real Estate and Entrepreneurship aims to revolutionize the landscape of real estate innovation. Founded under the visionary leadership of Todd...
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Settlement Reached Over Allegations of Investor MisleadingA former investment fund adviser from Centennial, along with his real estate firms based in Greenwood Village, has agreed to a substantial settlement of $9.7 million. This decision comes in...