San Francisco-based, Spear Street Capital has mortgaged the recently acquired Canton property for $81.295 million.
The property is the site of the former Reebok Headquarters featuring 680,000 square-feet of office space on a 65-acre lot. The building is framed around a variety of features understandably concentrated on the athletic theme, elements include tennis courts, a 400-meter running track plus a fitness center and indoor and outdoor basketball courts.
Reebok and Adidas Group, Reebok’s parent company, have sold the former worldwide headquarters in Canton, MA. With Reebok now operating out of the Gensler designed, 220,000 square foot seaport offices, the company has been trying to move the old campus since spring of 2017.
CBRE New England, who is brokering the sale, has managed to land a deal with San Francisco based developer, Spear Street Capital. The sale of the campus for $76 million leaves one to wonder what is next for the property? Is another transit-based community development coming to Canton?
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