The Stubblebine Company/CORFAC International Arranges the Sale of 3 Properties on Behalf of IPG Photonics, Inc. for $32,855,000.

Lexington, MA: James and David Stubblebine, Principals of The Stubblebine Company/CORFAC International, brokered the sale of three properties in MA, AL, and CA for IPG Photonics for a total price of $32,855,000. The properties total 153,858 SF of existing office and flex space and permitted land on 16.53 acres of land and include the following:

686 Forest St Marlborough MA
8.35 acres, permitted for 60,000 SF
$2.8 million

100 Lucerne Ln, Birmingham, AL
30,000 SF 5.4 acres: 
$24 million

2201 Qume Drive, San Jose, CA
63,958 SF on 2.78 acres

The buyers of the respective properties were Six Eighty-Six Forest, LLC, Birmingham Water Works Board, and ISE Labs.

According to James Stubblebine, “We are grateful to IPG for allowing us to serve them in the sale of three quality assets. As always, our friends at IPG were professional and extremely easy to work with.”

Established in 1987, The Stubblebine Company/CORFAC International specializes in selling and leasing large industrial properties and adaptive re-use sites throughout New England.


The Stubblebine Company/ CORFAC International produces value for our clients by providing creative solutions and aggressive marketing in the greater Boston commercial real estate marketplace by putting the goals and objectives of our clients first and adhering to biblical principles.

We combine suburban Boston expertise in the industrial, flex and office property markets with direct senior management involvement with clients and properties to produce unparalleled results for clients locally, regionally, nationally and internationally through our affiliation with CORFAC International, a top five global network of entrepreneurial commercial real estate services firms.