11 acres of former Staples headquarters sells for $9.5M
Photo | Google Earth
100 Staples Drive in Framingham.
Calare Properties, a Framingham real estate investment company, bought 100 Staples Drive in Framingham for $9.5 million, according to the Southern Middlesex Land Registry.
The 11.2-acre, 157,133-square-foot property was part of the former headquarters of office supplies retailer Staples. The sale closed June 3.
Staples sold the majority of its 48-acre headquarters at 500 Staples Drive in February 2020 for $165 million to New York financial firm LCN Capital Partners.
“[The sale] will be an interesting barometer in determining whether the Natick and Framingham office market is poised to rebound in the second half of 2021 and beyond,” R.W Holmes Real Estate commented in its second quarter report.
Calare is looking to draw users to the vacant building, but lab conversion is also a consideration, according the R.W. Holmes report.
WBJ Web Partners
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