The center is now 92 percent leased
BURLINGTON, MA. – June 6, 2016 –The Davis Companies (TDC) today announced the renewal of three leases totaling 45,800 square feet at One Burlington Business Center, a four-story, 176,886-square-foot premier office building in Burlington, MA with prime visibility from Route 128. These renewals include: Silverlink, now Welltok, a leader in healthcare consumer outreach, whose lease was expanded by 6,092 square feet; The Centres At Burlington, an executive office suites provider, and ZIX Corporation, an email encryption technology company. One Burlington Business Center is 92 percent leased.
“The building’s consistent renewal pace speaks to the asset’s quality and location as well as to our dedicated property management team. We are thrilled that One Burlington Business Center is home to such a wide variety of distinguished companies,” said Mark Bush, a Senior Vice President of Asset Management at The Davis Companies
TDC is planning to invest significant capital to re-imagine One Burlington Business Center, with a focus on creating a modern, first class environment that’s consistent with the property’s premiere location. Working with Margulies Perruzzi Architects, improvements throughout the building will include: newly renovated lobbies and common areas with additional seating and upgraded finishes; landscaping and lighting around the building’s east and west entrances; a new conference center located adjacent to the main lobby and a new outdoor patio. Work is scheduled to commence this summer.
The building is adjacent to the Lahey Hospital and Medical Center and close to both Wayside Commons and the Burlington Mall, with immediate access to and direct visibility from Route 128.
TDC has repositioned a number of properties in the Burlington area including: Burlington Woods One and Three, located directly adjacent to One Burlington, The Center at Corporate Drive, a 480,000 square foot first class office park, also in Burlington, MA and The Xchange in Bedford, MA, a 470,000 sf office/R&D park which TDC transformed into a contemporary campus with cutting-edge amenities.
About The Davis Companies
Committed to excellence in both investment performance and operations, The Davis Companies is an integrated real estate investment, development and management firm headquartered in Boston that has invested $4 billion in gross asset value through real estate equity, debt, and fixed-income securities. A unique combination of capital markets, development and management expertise allows The Davis Companies to nimbly tackle complex and contrarian opportunities. Directly, and with its valued partners, The Davis Companies currently owns a real estate portfolio of approximately 12 million square feet across the Eastern United States.
Contact: Lauren Michaels