55 Network Drive - Burlington, MABurlington, MA According to Nordblom Company, Exa Corporation, a US-based simulation software company, has signed a 7-year lease renewal for 44,241 s/f of their class A office space at 55 Network Dr. This building is a central part of the 1 million s/f office park known as Network Drive. JLL managing director Tamie Thompson and senior vice president Tyler Spring represented Exa, while park owner Nordblom Co. was represented by their senior vice president Adele Olivier and assistant vice president Patrick O’Neill. This lease brings the office park to 98% leased.
The second floor space serves as Exa’s world headquarters. It is being renovated to provide the company with a flexible, open and collaborative business environment to best serve their expanding customer base with industry leading technology going forward.
“As Exa’s global headquarters, it is imperative that our company have a modern, high-tech campus like Network Dr. for our employees and customers,” said Exa chief financial officer Rick Gilbody. “This lease extension allows us to meet our growth requirement for a number of years and continue to enjoy this great campus.”
“We are delighted that Exa has decided to remain at Network Dr. and continue to be part of the dynamic group of growth companies here,” said Og Hunnewell, executive vice president/partner of Nordblom Co. “They recognize the value of this world class office park, its growing amenities base, vibrancy, and high quality office space to attract new employees.”
Network Dr. is a one million s/f office campus situated on 158 acres. It is one of the largest and most advanced office parks along the Rte. 128/I-95 corridor, and is located directly on Rte. 3 at the I-95 intersection. Network Dr. consists of an exceptional multi-tenanted office campus comprising seven buildings in a dramatic landscaped 155-acre setting.
Exa will continue its occupancy with other companies that have established headquarters locations at Network Dr. including: Citrix Systems, Veracode, Dyax Corp., Avid, eBay Enterprise, NetBrain and FIS, as well as a large regional office for Oracle Corp. The campus has three entrances from Network Dr., and a growing list of on-site amenities featuring: the Winter Garden with its organic-based cafeteria, indoor seating and new outdoor patios; catering food service; staffed fitness center with state-of-the-art equipment and locker rooms; wireless meeting spaces; ATM; putting green; TV lounge and gaming area; Zagster bicycle sharing program; and electric vehicle charging stations. Furthermore the Park is served by express MBTA buses from Alewife and Lowell.
Thompson said, “The recent addition of amenities to the Winter Garden, renovations to their space, large floor plates, and Network Drive’s institutional ownership committed to Exa’s needs were key factors in their decision.”
The space for Exa is designed by architects SGA (Spagnolo Gisness & Associates, Inc. Network Dr. is managed by Nordblom Co.
JLL is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion s/f, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $56 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Inc.
Nordblom Co. is a real estate enterprise with a 90-year history of investing, managing and developing properties throughout the New England region and select markets across the country. The company currently owns office, commercial and multi-family properties in New England and Carolina markets, and is committed to creating dynamic work and living environments that further the quality of life for the people who occupy its properties. Headquartered in Burlington, with offices in Boston, Brookline, and Raleigh, North Carolina, Nordblom Co. has $1.2 billion in assets under management.
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