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Germany-based PUMA considered buildinga brand-new U.S. headquarterds for PUMA North Americsa but ultimately decided to purchasew anexisting building, accordinfg to real estate sources who were familiar with the footwea company's search and asked not to be PUMA's purchase of 10 Lyberty Way from could close as earlhy as next week. Calls to Franklin Street Properties' officess in Wakefield were not returned. A call to PUMA's broker at was not PUMA's spokeswoman Kristina Fields said she could not releass any details about the pending acquisition of 10Lyberty Way. The acquisition pricew was notpublicly available.
The company considere building a headquarters from scratchu and looked at development sites in but ultimately decided against new construction and preferred to buy a propertyt rather thanlease space. "There are very few largd blocks of space left inthe market," said Matthew Daniels, a senioe vice president at Daniels was not involvec in the transaction. "Whehn I say large blocks of spacw I'm talking 80,000 square feet or more," he The building at 10 Lyberty Way will likelyu serveas PUMA's new headquarters, but it was unclear whethe r the company planned to vacate the 80,0009 square feet of space it occupies at 5 and 6 Lyberty Way.
One real estate source said PUMA would vacatew the buildings at 5 and 6Lyberty Way, whichn are reportedly being marketedx for lease now. In addition to the two buildings PUMA currently occupiesin Westford, the company's global marketing and design center is located at the Boston Design Center in Soutb Boston.
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