Staples HQ Sold For $165 Million

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FRAMINGHAM – Staples has sold its headquarters campus in Framingham for $165 million.

The buyer was LCN Capital, out of New York.

The company is expected to lease the property back to Staples.

The 500 Staples Drive property is about 50 acres and includes the 907,000-square-foot headquarters building for the office retailer.

Built in 1999, it was assessed at $71 million by the City of Framingham, so it sold for more than doubles the assessed price.

In 2017, was purchased by New York-based Sycamore Partners for $6.9 billion, and then took the company private.

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