TJX Purchases Its HQ for $117M
The company, headquartered in Framingham, purchased two separate pieces of land at 770 Cochituate. One parcel was purchased at $107.6 million and the other for $9 million.
Framingham-based TJX Inc. has purchased its longtime headquarters for $116.6 million, based on records at the Registry of Deeds.
The company purchased two different properties at 770 Cochituate.
One parcel was purchased at $107.6 million from the Campanelli Framingham Trust and the other for $9 million from Generazio Realty Trust. The sale was finalized today.
Yaakov Cohn
11:04 am on Thursday, August 2, 2012
Isn't it just amazing that TJX plans to spend $143 million altogether on this property, but first held a gun to the town's head to get a 20 year partial tax holiday of about $300,000 per year?
Oh, yes. They spend about $35 million a year on the pay of the top five executives.
Yaakov Cohn
11:04 am on Thursday, August 2, 2012
Correction: TJX spent only $28.58 million in FY 2012 on the top 5 executives. in FY 2011, they spent $43.95 million for the top 5.