The Davis Companies, Principal Real Estate Investors & CBRE/NE secure tenants
BOSTON – December 8, 2014 – (RealEstateRama) — On behalf of The Davis Companies and Principal Real Estate Investors, CBRE/New England announces that two leases totaling 27,868 square feet have been executed at The Center at Corporate Drive in Burlington, Massachusetts. Ryan, an award-winning global tax services firm, renewed its 10,691 square foot lease at 25 Corporate Drive. Endurance International, a leading provider of cloud-based platform solutions for small- and medium-sized business owners, renewed and expanded for 17,177 square foot at 10 Corporate Drive.
CBRE/NE’s Kerry Olson Hawkins, Jason Levendusky and Andy Majewski represented the landlord. Duggan Realty Advisors’ Jim Duggan represented Ryan. Jones Lang LaSalle’s Matthew Daniels represented Endurance International.
“The Center at Corporate Drive is a best-in-class office park on the Route 128 corridor. The campus has a prime location with superb visibility and access, and excellent on-site and nearby amenities,” noted CBRE/NE’s Olson Hawkins. “These leases bring the park’s overall leasing activity to more than 60,000 square feet since The Davis Companies and Principal Real Estate Investors purchased the park in September 2013.”
“As a team we are very focused on improving the park’s appeal and livability,” added Cappy Daume, Managing Director at The Davis Companies. “While attracting new tenants is a key motivator, it is equally important that we keep our existing tenants satisfied. We are very pleased with the level of activity and hope to continue this momentum”.
The Center at Corporate Drive is a 620,000 square foot, master-planned, Class A office park situated on 47 acres off of Route 3A in Burlington, Massachusetts. The office park consists of four buildings, 10, 25, 30 and 35 Corporate Drive and a future development site for a fifth building. Ownership has made a substantial investment in a new amenity package at the property. Enhancements include multiple collaboration spaces, a large cafeteria with conference facilities, activated outdoor green space, a high-end fitness center with yoga studio, and connectivity throughout the park.
Offering excellent access to Route 128 and situated just 15 miles northwest of Boston, The Center at Corporate Drive boasts a meticulously landscaped campus with attractive views of the Boston skyline. 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.
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 in nearly $3.0 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 and manages a real estate portfolio of 12 million square feet across the Eastern United States. For more information on The Davis Companies, please visit http://www.thedaviscompanies.com/.
About CBRE/New England
CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. Please visit our website at www.cbre-ne.com. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.
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