Worcester Business Journal

6 Worcester Business Journal | July 6, 2020 | wbjournal.com B R I E FS T H E T I C K E R $1 trillion Value of transportation equipment shipments in the United States in 2018 Source: 2018 Annual Survey of Manufacturers, U.S. Census Bureau e buyer, Greatland Realty Partners, bought the sprawling office site from Hines, a Houston real estate and investment firm. Newmark Knight Frank, a commercial real estate advisory firm with local offices in Boston, brokered the sale. e site, called the Campus at Marlborough, includes offices for ExaGrid, a data storage firm, in addition to Hologic, a medical device maker with nearly $3.4 billion in annual revenue last year. e roughly 530,000-square- foot complex was built in 1999 and includes space spread between four interconnected buildings. In total, the site is 76% leased to five tenants, according to Newmark Knight Frank. e 121-acre property has been approved for 650,000 square feet of additional development, according to Hines. e deal prices the office complex at $124 per square foot. e site last sold in 2002 for just under $58 million, according to city property records. Greatland lists only one other office building in its portfolio, a 68,000-square-foot site it bought in 2019 at 1040 and 1050 Waltham St. in Lexington. Hines' portfolio includes adjacent office buildings on Boylston Street in Boston, among dozens across the world. e firm is building a 51-story mixed-use tower atop Boston's South Station. Workhuman, valued at $1.2B, calls itself a unicorn Workhuman, based in Framingham and Dublin, Ireland, has been valued at $1.2 billion, officially making it a so- called unicorn company. Workhuman also announced that London-based alternative asset manager Intermediate Capital Group has become an investor in the company, acquiring a minority stake in Workhuman from existing shareholders. at transaction, according to the announcement, valued Continued from Page 5 Workhuman at the $1.2-billion mark. e company's status change comes as industries around the world shied to remote, work-from-home business models in the face of the coronavirus pandemic. Workhuman cited ICG's investment as part of the company's European investment strategy. Office building near downtown Marlborough sells for $3.5M A 35,000-square-foot office building on Route 20 in Marlborough has sold for nearly $3.5 million. e buyer is an unnamed local private investor, according to Greater Boston Commercial Properties, a Northborough real estate agency that brokered the transaction. A limited liability corporation that bought the property in a deal closed May 1 is registered to the site's address at 221 Boston Post Road East, without additional information available from the Massachusetts Secretary of State's Office. e seller, John Martin of Falmouth, according to the Middlesex Registry of Deeds, bought the building in 1988, Greater Boston Commercial Properties said. e building, which stands on a busy corridor east of downtown Marlborough, stands on 2.3 acres and was last assessed by the City of Marlborough at $2.7 million. Tenants include American Energy Management and Personal Physical erapy. It was sold at 82% occupancy, according to the brokers. e buyer is planning new investments to the building's interior, including new granite, carpet and paint in common areas, Greater Boston Commercial Properties said. Worcester Bravehearts will not play at Holy Cross e Worcester Bravehearts, who are set to begin their season on ursday, will not play at College of the Holy Cross' Hanover Insurance Park at Fitton Field, team General Manager Dave Peterson confirmed on Monday. While the school remains closed due to the coronavirus pandemic, Peterson said the Bravehearts will have more information about the team's new ballpark on July 6. e season is set to include 39 games through Aug. 19. e Futures Colleagiate Baseball League also includes the Brockton Rox, North Shore Navigators and Westfield 0 Number of coronavirus deaths in Worcester County on Saturday, June 27, for the first day with no COVID-19- related deaths announcement in three months Source: Massachusetts Department of Public Health 14.7% Unemployment rate in Central Mass. in May Source: Massachusetts Executive Office of Labor and Workforce Development data $129K Amount granted to Worcester Historical Museum from the National Endowment for the Humanities to provide coronavirus relief to the institution. Sources: Worcester Historical Museum LOANS: Whether you're looking for a Commercial Real Estate Loan, Term Loan or a Business Line of Credit, IC can help you move forward. Call Bruce at 978-353-1331 Bruce Mathieu Senior Vice President Business Development Officer Intelligent BUSINESS Solutions Start here! Info: ICCreditUnion.org or businessbanking@iccreditunion.com Federally Insured by NCUA Like, Friend or Follow Us The Campus at Marlborough

• Cover