LO Marlborough Data Boston Inv., LLC and Lincoln Property Company announced today that TierPoint has expanded its Marlborough location and will now be occupying 110,331 RSF at 34 St. Martin Drive.
TierPoint took 22,289 RSF of expansion space, restructuring and extending their lease on their existing 88,024 RSF to accommodate growing demand for their data center. The Marlborough location is one of TierPoint’s largest facilities, this is the second expansion for this data center within the past two years. “Because of its location approximately 30 miles west of Boston, there is high demand for the specific type of facility from clients seeking a hybrid IT provider who can deliver a variety of solutions” said Jim Owen, Vice President and GM of TierPoint.
“Increased demand for TierPoint’s data center services was the driving force behind their expansion and fortunately ownership was able to accommodate their growth, while simultaneously restructuring their lease terms. Ownership was pleased to accommodate the properties largest tenant and their lease extension will provide long-term stability for the property” said Tim Latham, Senior Vice President of Lincoln Property Company.
Lincoln Property Company’s Suburban team of Tim Latham, Chris Devaux and Mark Joyce represented the Landlord. TierPoint was represented by Site Selection Group.
About Lincoln Property Company:
The Boston office of Lincoln Property Company, a national commercial real estate company, provides brokerage, property management, appraisal/valuation and development and project management services to a wide range of clients. In Massachusetts alone, Lincoln Property manages over 12 million square feet of commercial space and is responsible for leasing millions of square feet of space every year. For more information on Lincoln Property Company’s Boston office, visit: www.LPCBoston.com.
TierPoint is a leading national provider of best-in-class IT infrastructure services that help clients improve agility, drive performance, and manage risk. TierPoint offers multi-tenant, private, and hybrid cloud solutions; disaster recovery, business continuity and other managed services; and colocation – all backed by a commitment to superior customer service and highly-redundant, carrier-neutral data centers coast to coast. For more information on TierPoint, visit: www.tierpoint.com