Newmark Arranges $96.5 Million in Financing for 50 and 54 Otis Street in Westborough

On January 24, 2023

BOSTON — Newmark announced the arrangement of $96.5 million in financing for 50 and 54 Otis Street, two industrial assets that are located less than 35 miles west of Boston in Westborough, Massachusetts. Newmark Co-Head of U.S. Capital Markets Robert Griffin, Head of the Boston Debt & Structured Finance group David Douvadjian, Sr., Executive Managing […]

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Westborough Planning Board green lights Amazon Robotics expansion

On January 24, 2023

WESTBOROUGH – A plan to build a new 100,000 square-foot building next to Westborough’s existing Amazon Robotics facility is moving forward after obtaining unanimous Planning Board approval on Tuesday. Plans were submitted by Atlantic Management Corporation and its entity Atlantic-Westborough Realty LLC. They call for a structure at 54 Otis Street, which will represent an […]

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Atlantic Management Acquires Former Red’s Farm Stand property in Westborough

On January 6, 2022

May 4th, 2021 The 36.1-acre parcel of farmland previously home to Red’s Farm Stand in Westborough has sold for $6.1 million, according to the Worcester County Registry of Deeds. The property at 64 Otis St. was sold by Joel S. Berberian, the executor of the estate of Michael M. Berberian, to Atlantic Otis Realty LLC. […]

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Amazon Opens New Robotics Facility in Westborough

On January 6, 2022

October 21st, 2021 Amazon.com Inc., one of the state’s largest employers, is expanding again in Massachusetts. The Seattle tech giant (Nasdaq: AMZN) unveiled its new robotics manufacturing facility in Westborough at an in-person ribbon cutting ceremony on Thursday. The 350,000-square-foot facility, which will feature corporate offices, research and development labs, and manufacturing space, is in […]

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Amazon Comes to Revere, to Become the City’s Largest Employer by 2020

On February 4, 2021

October 19th, 2019 REVERE, MA–Revere Mayor Brian M. Arrigo announced that Amazon will open its newest delivery station at the site previously occupied by the Necco candy company, creating hundreds of part-time and full-time jobs in one of the most significant commercial developments in Revere’s history. Amazon will invest in renovations to the building at […]

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New Amazon Robotics Innovation Hub to move into AstraZeneca building in Westborough

On February 4, 2021

November 7th, 2019 Amazon has announced it plans to build a new state-of-the-art Amazon Robotics innovation hub and create 400 tech and advanced manufacturing jobs in Westborough, at 50 Otis St., the site of the former pharmaceutical company AstraZeneca. The new 350,000 square feet facility, developed by Atlantic Management of Framingham, will feature corporate offices, […]

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CBA Landlord of the Year: Atlantic Management

On March 18, 2018

CBA ANNOUNCES 2017 ACHIEVEMENT AWARDS WINNERS Landlord of the Year: Atlantic Management 2017 SPECIAL RECOGNITION AWARD WINNERS See all CBA 2017 Achievement Awards Winners

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AstraZeneca closing leaves Westborough residents with bigger tax bill

On February 26, 2018

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 significant […]

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Developers buy Necco site in Revere

On May 11, 2017

General Electric just planted its flag at the original Necco factory in Fort Point. But big changes also could be coming to where Necco currently cranks out its candies, seven miles away in Revere. Development firms Atlantic Management and VMD Companies teamed up to buy the 50-acre site for $54.6 million a few weeks ago, […]