ACCO Properties Spends $9M to Secure Office/Flex Building in Burlington
SVN | Parsons Commercial Group | Boston has completed the sale of a 40,000-square-foot office/flex building in Burlington, MA for $8.8 million.
Marci Alvarado of SVN represented the sellers, Plover Capital, LLC and Nils Anthony, LLC. Dean Blackey and Elizabeth Holmes of RW Holmes represented the buyer, ACCO Properties, LLC.
The three-acre property at 1 Rounder Way is located on Route 128 across from the Burlington Mall and has approximately 1,100 feet of frontage on the highway. The building is currently built out to accommodate multiple tenants and was recently rezoned to allow for lab uses and life sciences by right.
“The new owners are discussing converting and expanding the property into a 75,000-square-foot lab/life science building for one of their growing biopharmaceutical startups,” said Alvarado.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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