March 7, 2008 – MARLBOROUGH — A 145,000-square-foot industrial complex on South Street will likely open this summer in what officials described as a reflection of the city’s image as a hot spot for businesses. Anthony Trodella, chairman of the Board of Assessors, said the city’s vacancy rate for research and development, industrial, and office space last year was 15 percent to 16 percent. Three or four years ago, the rate was in the mid-to-high twenties, he said.
“Things are going really well,” said Chamber of Commerce President Susanne Morreale Leeber. “Our empties are filling up.”
Several factors influenced the city’s growth, including a favorable tax rate, an efficient process for approving developments, and Marlborough’s location, Morreale Leeber said.
“There’s also the roadway system, with accessibility to all of New England,” she said. “It’s easy to get here.”
Dave Franchi, owner of F.C.M. Builders, the Marlborough company building the complex on South Street, said the project has drawn interest from many potential tenants but no one has officially signed.
Franchi said the development will have room for anywhere from three to 12 businesses, depending on what kind of businesses the project attracts. A 75,000-square-foot office building will be built behind the industrial complex, he said.
“First, we want to put up the industrial flex building,” he said.
Franchi said he has owned the land, which was a wooded area before construction began about eight months ago, for several years.
(Matt Lynch can be reached at 508-490-7453 or firstname.lastname@example.org.)
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