News: Financial Digest

Nordblom Company leases 3,300 s/f to Cambridge Savings Bank at 3rd

­ Ave. in Northwest ParkBurlington, MA Nordblom Company has completed a 3,300 s/f lease with Cambridge Savings Bank (CSB) at 3rd Ave. Located off of Middlesex Tpke., 3rd Ave. is the dining and entertainment center of the 4.6 million s/f Northwest Park mixed-use redevelopment. The 3rd Ave. retail-walking street will be anchored by Wegmans and KINGS Bowl. "Nordblom Company has an excellent and long-standing business relationship with Cambridge Savings Bank and we are very excited to house the bank's newest branch at 3rd Ave," said Douglas Wynyard, senior vice president at Nordblom. "Together with its architect, Symmes Maini & McKee, Cambridge Savings Bank has designed a modern and beautiful branch that will also provide excellent convenience for Northwest Park's office tenants as well as the 3rd Ave. shopper." CSB's new banking center will offer a full line of financial services, including checking and savings, residential and commercial lending, and investment services. The bank will also include a business center for use by business clients during and after business hours. 3rd Ave, a unique addition to the Rte. 128 corridor, and part of the Burlington market featuring some of the strongest retail demographics in New England with affluent neighbors and a strong daytime population. The development is accessible to major area roadways, and is bounded by Rte. 3, the Middlesex Tpke. and Rte. 128/I-95. 3rd Ave. is being developed as a downtown retail environment with 300,000 s/f of retail space in a boulevard layout. Restaurants, cafes, retail boutiques and other service amenities will line the boulevard, with a focus on pedestrian walkways and public green space.
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