TJX buys Fidelity properties in Marlborough, Mass.
MARLBOROUGH, Mass.—Discount retailer TJX has reached a deal to buy two office buildings in Marlborough from Fidelity Investments, which could mean hundreds of new jobs in town.
Framingham-based TJX, owner of the TJ Maxx, HomeGoods and Marshalls chains, says it plans on housing "certain home office operations" at the site.
A company spokesman says the properties with a combined 700,000 square feet of office space will be renovated and will not open until the summer of 2013 at the earliest.
The cost of the deal was not disclosed.
Marlborough Mayor Arthur Vigeant said the city has agreed in principle to a property tax break for TJX. He says the deal could mean 1,600 jobs in the city.