BOSTON BUSINESS JOURNAL – Another day, another big deal in Marlborough.
Less than a week after these pages last spotlighted the economic renaissance underway in MetroWest’s city of industry, sources have confirmed that a “major optics company” is targeting a 100,000-square-foot space along Locke Drive, just north of the Route 20 and I-495 interchange. Details on the company and property address involved in the negotiations were unavailable, although a person familiar with the matter said the business is a major player in the development and manufacture of laser-based technologies used in a swath of industries and applications. A lease is expected to be inked in the next quarter, according to those same sources, who asked not to be identified.
Should the transaction close as expected, it would represent the second major relocation or expansion news in Marlborough in as many weeks. Economic development experts say it would also represent another big win for the city’s nascent optics- and imaging-technology cluster led by the likes of Corning Netoptix (230 employees) and Hologic (274 employees). Indeed, Hologic itself has been the subject of rumors about a possible expansion or relocation to larger space from its current operations at 250 Campus Drive.
All of which is going as planned, or something thereabouts, for Joe Zink and his development team at Atlantic Management in Framingham. Atlantic wrote the first chapter in Marlborough’s comeback story in 2011 when it acquired a vacant, 110-acre office park that was long anchored by Hewlett-Packard and various divisions of Digital Equipment. That parcel has since been sliced and diced to accommodate what Zink predicts will be the largest and most comprehensive mixed-use development along the I-495 belt.