News: Front Section
Posted: February 14, 2013
CBRE/New England completes four leases totaling 19,143 s/f at Burlington Center
On behalf of Multi-Employer Property Trust and Bentall Kennedy, CBRE/New England (CBRE/NE) completed four leases totaling 19,143 s/f at Burlington Centre. Four office deals were completed at the park including Exclusive Concepts for 7,727 s/f at 30 Corporate Dr., The New England Automated Clearing House (NEACH) for 4,605 s/f at 35 Corporate Dr., AlloCure for 3,475 s/f at 25 Corporate Dr. and Second Decimal for 3,336 s/f at 25 Corporate Dr.
CBRE/NE's Kerry Olson Hawkins, first vice president, represented the landlord in all of the transactions. Exclusive Concepts was represented by Boston Realty Advisors' Adam Meixner. Michael McCarthy of NAI Hunneman Commercial Real Estate Services represented NEACH. AlloCure was represented by Richards Barry Joyce & Partners' Jonathan Varholak. Duggan Realty Advisors' Jim Duggan represented Second Decimal.
"Burlington Centre is a best-in-class office park on the Rte. 128 corridor," said Hawkins. "The campus has a prime location with superb visibility and access, and excellent on-site and nearby amenities. MEPT is a well-capitalized landlord with a commitment to sustainable development, as three of the four buildings within the park boast LEED Certification. We are excited to accommodate this diverse tenant roster at Burlington Centre."
Burlington Centre is a 620,000 s/f, master-planned, class A office park situated on 78 acres off of Rte. 3A. The office park consists of four buildings, 10, 25, 30 and 35 Corporate Dr. Offering access to Rte. 128 and situated just 15 miles northwest of Boston, Burlington Centre boasts a landscaped suburban campus with views of the Boston skyline. Park amenities include two full-service cafeterias, outdoor patio seating, a fitness center, newly renovated shower and locker facilities and on-site management.
Area amenities within proximity include the Burlington Marriott Hotel, Summerfield Suites, Lahey Clinic, Wayside Commons and the Burlington Mall. In 2009, the park was awarded the prestigious TOBY (The Office Building of the Year) honors for the Suburban Office Park of the Year by BOMA, the Building Owners and Managers Association.
Tags:
Front Section
MORE FROM Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.