AstraZeneca closing leaves Westborough residents with bigger tax bill

http://www.metrowestdailynews.com/news/20180226/astrazeneca-closing-leaves-westborough-residents-with-bigger-tax-bill WESTBOROUGH – Local taxpayers took a big hit in fiscal 2018 with the loss of biopharmaceutical manufacturer AstraZeneca, with the average single-family homeowner seeing a $350 property tax increase, according to Town Manager James Malloy. “But if AstraZeneca had been here, it would have only gone up $105,” said Malloy. ”(The closing) had a […]

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Colliers International places $85 million financing for Atlantic Management

http://nerej.com/colliers-international-places-85-million-financing-for-atlantic-management Boston, MA Building upon a strong, long-term relationship with Atlantic Management, Colliers International’s Capital Markets group has rounded out the second quarter of the year with over $85 million of acquisition financing and refinancing for the investor/developer. The team of Thomas Welch, Adam Coppola, John Poole and Tonia Jenkins secured four loans from four distinct lenders […]

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A SWEET FUTURE IN REVERE

Revere Mayor Brian Arrigo can’t be blamed for telling a corny joke if he points to the New England Confectionery Company building in Revere and calls it his sweet spot. The sprawling candy company located on American Legion Highway has a new owner. Framingham-based Atlantic Management Corporation has visions of manufacturing robotics equipment in the Necco building next to where the 170-year-old […]

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Framingham Developer Acquires Candy Company for $54.6 Million

REVERE – Atlantic Management, based in Framingham, has purchased the New England Confectionary Company’s headquarters property in Revere for $54.6 million. NECCO, the manufacturer of the Sweethearts and other candy, has been headquartered in the City of Revere since 2003, when the company moved from its location in Cambridge. Atlantic Management and VMD Cos. of Boston […]

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Former AstraZeneca property in Westboro is sold to Atlantic Management Corp.

http://www.telegram.com/news/20170418/former-astrazeneca-property-in-westboro-is-sold-to-developer   WESTBORO – A Framingham-based real estate investment firm has purchased the former AstraZeneca property at 50 Otis St. The England-based bio-pharmaceutical manufacturing plant, once a key employer and the top taxpayer in town, closed at the end of 2016, costing more than 100 employees their jobs. AstraZeneca at one time employed more than […]

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Marlborough: Whole Foods moving regional headquarters to Marlborough

MARLBOROUGH – Whole Foods is relocating its North Atlantic regional headquarters from Cambridge to the Marlborough Hills mixed-use development, a move that will bring nearly 200 jobs to the city. The company, which has been dubbed “America’s Healthiest Grocery Store,” will move into a 50,000-square-foot building between GE Healthcare Life Sciences and Quest Diagnostics at […]

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