BJ's May Move Corporate HQ To Marlborough

Marlborough MA

23 April, 2021

2:07 PM

Description

MARLBOROUGH, MA — BJ's might be coming to Marlborough — but you won't be able to shop there. The warehouse club is considering a plan to move its corporate headquarters from Westborough to an office complex along Campus Drive in Marlborough. The company is seeking a tax break from Marlborough for the move, which the City Council will review on Monday night. BJ's would lease 190,000 square-feet between two buildings at 100 and 350 Campus Drive to accommodate about 1,000 employees, the company wrote in a February memo to Mayor Arthur Vigeant. The company may spend up to $18 million to refurbish offices and build a data center, plus another $7 million to build a 300-space parking garage. BJ's would also commit to a 20-year lease in Marlborough. In exchange, Marlborough would grant BJ's a 16-year tax increment financing (TIF) deal. That will allow BJ's to pay a reduced tax rate beginning in 2026. By the final year of the TIF, BJ's would only be paying about 5 percent of the total taxes it would typically pay to the city. The agreement would require BJ's keep a minimum of 800 employees in Marlborough through the end of the TIF. With a TIF agreement in place, BJ's could begin work on the project by September, according to the application.