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Staples Owner Sells Headquarters Less Than a Year After Acquisition

The $165 Million Deal Comes Ahead of Potential IPO

Staples Inc., the corporate office supplies giant, sold the property 500 Staples Dr. in Framingham, Massachusetts, for $165 million. (CoStar)
Staples Inc., the corporate office supplies giant, sold the property 500 Staples Dr. in Framingham, Massachusetts, for $165 million. (CoStar)

A private equity firm bought office supplies giant Staples Inc.'s Framingham, Massachusetts, headquarters for $165 million, after a turbulent handful of years for the retailer that was sold to a private equity company in 2017 as analysts say it may be considering an initial public offering.

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