News: Front Section

JLL’s Fivek, Decembrele, Yarboro and Lipscomb
handle 58,000 s/f in leases at One & Three Burlington Woods

Burlington, MA According to JLL and a joint venture between Griffith Properties and Artemis Real Estate Partners, seven leases have been signed totaling 58,000 s/f at One & Three Burlington Woods. The 272,339 s/f property is located near multiple amenities including the Burlington Mall and several other area restaurants, shops and hotels.

Perfecto Mobile, a cloud platform for DevOps teams, and Edgewise Networks, which provides zero trust visibility and protection for cloud workloads, signed the two largest leases at 16,002 s/f and 10,561 s/f respectively, as both companies were relocating and expanding from elsewhere in town. Rolta AdvizeX leased 8,584 s/f in a relocation from Northwest Park. In addition, LeaseQ renewed and expanded their lease to occupy 8,300 s/f and Qstream also relocated and expanded to the park, taking 4,600 s/f. HighRoads, meanwhile, relocated within the park to 5,802 s/f while LiveRamp renewed its existing 4,716 s/f space.

Jason Fivek, JLL

 

Chris Decembrele, JLL

 

Jordan Yarboro, JLL

 

Jamey Lipscomb, JLL

 

JLL managing director Jason Fivek, senior vice president Chris Decembrele and vice president Jordan Yarboro represented the building owner Griffith Properties while JLL executive vice president Jamey Lipscomb represented tenants Edgewise Networks and Perfecto Mobile. 

CBRE’s Alex Plaisted represented LeaseQ, Jim Boudrot from NAI Hunneman represented Rolta AdvizeX and Newmark Knight Frank’s Brendan Daly represented LiveRamp.  

Fivek said, “It is incredibly exciting to see this level of interest for One & Three Burlington Woods, particularly from growing tech companies. Burlington continues to prove itself as a desirable suburban destination for companies of all types and sizes.”

One & Three Burlington Woods is a 14.7-acre site offering tenants superior highway visibility and accessibility. The multi-story buildings are located directly off of Exit 33 on Route 128, with easy entry to: I-93; Routes 3, 2, and Route 20; and the Mass Pike. Tenants, which also include Color Kinetics and Allscripts, benefit from a growing list of amenities including: two on-site cafeterias including a completely renovated cyber café, a fitness center with yoga room, a putting green, bike sharing, electric car charging stations, and walking trails to Boston Marriott Burlington and Wayside Commons. The buildings are in the midst of Burlington’s robust world class live-work-play environment.

MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

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,
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in