|Westford Corporate Center: Westford, MA
Gillespie and Co., Inc. and Old Stone Development Corporation purchased an 18.55-acre parcel of land near Route 495 in Westford, Massachusetts. The nationally recognized architectural firm of Sasaki Associates designed two companion 83,000-square-foot, two-story buildings, which are approached through a tree-lined allée.
Intel Corporation pre-leased the majority of the first building for its regional headquarters. Within six months, Digital Equipment Corporation pre-leased the entire second building as its North American manufacturing headquarters, and subsequently took the balance of the first building.
The completed project was sold to CIGNA Insurance for $16.9 million, the highest price per-square-foot at the time for any project on Route 495.