FRAMINGHAM, MA – Calare Properties (Calare) has completed upgrades to
325 Foxborough Blvd. nearly a year after acquiring the 80,000 sq. ft. Foxborough office building. The fully upgraded property will serve as a world-class corporate headquarters facility for NECI, a solutions and services provider for industrial automation, data, and digital transformation.
Calare purchased the vacant two-story office building in November 2022. Soon after, Calare secured a long-term lease with NECI with plans to implement extensive value-add improvements that support the tenant’s future at the site.
“We are pleased to provide NECI with a premier space that will support its long-term objectives for growth through a world-class facility for collaboration and innovation,” said Todd Barclay, SVP at Calare. “We believe the enhancements at 325 Foxborough have helped reposition a well-maintained office property into a truly modern work destination designed to bring long term value to the tenants, the local community, and our investors.”
Located on 9.4 acres within the Foxborough Business Center Park, 325 Foxborough Blvd. features a two-story foyer, expansive floor plates, high ceilings, and open concept common areas. The property provides ample parking complete with EV charging stations. Amenities at the property include a fitness center with locker rooms and wellness room, a game space, full-service cafeteria, and a landscaped outdoor space for employee use.
The Calare asset management team led by Erin Gannon and Lauren Manley managed all aspects of the gut redevelopment from planning, demolition, construction, and tenant logistics. As part of its commitment to the site, NECI implemented comprehensive interior design updates to provide its approximately 400+ employees with a modern and welcoming Class-A workplace.
Recently recognized on the Inc. 5000 list of the fastest growing private companies in America, NECI serves the life sciences, power, food & beverage, and chemical sectors by providing automation and digital transformation solutions. The team collaborates across people, processes, devices, and technologies to deliver physical and digital solutions that secure assets, improve efficiency, and optimize resources.
325 Foxborough Blvd. is well-located within Southeastern Massachusetts, sitting a half mile from I-95 and two miles from the I-495 interchange to provide convenient access throughout the region. The site is also ideally situated within a thriving community offering a variety of options for shopping, dining, and entertainment.
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About Calare Properties
Calare Properties is a private real estate manager and operator focused on acquiring warehouse, manufacturing, research and flex/office commercial real estate for the economic benefit of our investors and strategic partners. Since the firm’s inception in 2003, Calare has led the acquisition of over 19 million sq. ft. of properties representing $1 billion in transactions through funds, direct deals and a multi-asset portfolio. Further information is available on our website www.calare.com or email us at cnolfi@calare.com.
MEDIA CONTACT
Meghan Segien
Calare Properties
msegien@calare.com
978-307-0303