Campanelli Cos. said it has acquired a 90-acre parcel of undeveloped land in Norton near the TPC-Boston Golf Course. Financial terms of the purchase were not disclosed.
The site, acquired from the Park at Great Woods Corp. in a deal brokered by Grubb & Ellis Co., holds considerable development potential for a mix of uses, including biotech, high-tech, retail, hospitality, and office, said Campanelli Cos., a commercial real estate development firm headquartered in Braintree..
"Being right next to a world-class golf venue, this site offers a unique development opportunity," Campanelli partner Robert C. DeMarco said in a statement. "Not only will it be attractive to companies looking to expand or relocate in new facilities, but it also offers a prime location for a transformative, destination development that capitalizes on TPC-Boston's status and allure."