BOSTON– JLL and a joint venture between Griffith Properties and Artemis Real Estate Partners – leading real estate investment firms in Boston and metropolitan Washington, D.C. respectively, announced that seven leases have been signed totaling over 58,000 square feet at One & Three Burlington Woods in Burlington, MA.
The 272,339 square feet property is located in Burlington near a plethora of 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 SF and 10,561 SF respectively, as both companies were relocating and expanding from elsewhere in Burlington. Rolta AdvizeX leased 8,584 SF in a relocation from Northwest Park in Burlington. In addition, LeaseQ renewed and expanded their lease to occupy just over 8,300 SF and Qstream also relocated and expanded to the park, taking just over 4,600 SF. HighRoads, meanwhile, relocated within the park to 5,802 SF while LiveRamp renewed its existing 4,716 SF space.
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.
According to Fivek, “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.