Burlington, MA The two largest tenants at The District Burlington have signed 259,000 s/f in long-term lease extensions at the development, a sign that the recent upgrades and investment made to this mixed-use property are paying dividends for large companies looking to attract top talent.
BAE Systems, the largest tenant at the project, signed a 135,018 s/f lease extension, extending their access to Greater Boston’s workforce. BAE Systems was represented by John Carroll and Bill Lynch of Colliers. National Development and AEW Capital Management, the ownership venture of The District Burlington, were represented by Michael O’Leary, John Boyle and Elizabeth McLaughlin at Cushman & Wakefield (C&W). A second existing tenant also signed a long-term extension for 125,000 s/f.
The District Burlington is a business environment that meets the needs of today’s workforce. With more than 80,000 s/f of new office space, many open space improvements and 160,000 s/f of new amenities that includes a hotel, six restaurants and garage parking, The District is a desirable destination tenants not only want to work in, but also play, stay and grow in. Within the last nine-months, The District has had over 30 leases signed totaling 450,000 s/f.
“We’re committed to The District because it is a prime location to seek top talent as we continue to expand our Massachusetts footprint,” said Cheryl Hafferty, site executive at BAE Systems. “We are actively hiring world-class scientists, engineers, and technology development managers to support the critical research and development work we do in key technology areas such as advanced electronics, autonomy, and cyber resilience.”
“The District is one of the most walkable work/play/stay destinations in Greater Boston, and its location is extremely convenient and accessible,” said O’Leary, managing director at C&W and lead broker for ownership of The District.
“The recent leases are clear evidence of the benefits that The District offers to tenants. We expect the momentum to continue at the project and the remaining availabilities to fill up quickly, including an incredibly unique 180,000 s/f build-to-suit opportunity.”
“We could not be more excited to extend the relationship with the two largest companies at The District,” said Leah Harsfield, vice president at National Development. “We know how important healthy food options, amenities and community engagement are to our tenants, and our significant investments at the property reflect what today’s growing companies need and want in a workplace.”
