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February 13, 2019  

Boston-Area Data Center Available

Lincoln Property has teed up a data-center/flex property in suburban Boston that’s valued at roughly $30 million.The 206,000-square-foot building, in Marlborough, Mass., is 95% occupied on long-term leases. At the estimated valuation of $146/sf, the initial annual yield would be 6.9% based on first-year net operating income. Dallas-based Lincoln has given the listing to JLL.There are four tenants, with a weighted average remaining lease...

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