Burlington, MA Nordblom Company continues to execute on its vision of transforming Northwest Park into a walkable, innovation hub - mixing its nearly 2 million s/f of office space with food, entertainment, and lifestyle amenities.
Three years ago, Nordblom began energizing Northwest Park with the construction of “3rd Ave., Burlington” - a 300,000 s/f retail walking street located at the center of the park. Today, the shop-lined boulevard is complete with a flagship Wegmans supermarket, five locally-owned restaurants, 20 boutique retailers, and 300 apartments. A 147-key boutique hotel is under construction, and a new 135,000 s/f Lifetime Fitness has broken ground. With a focus on food, home, and entertainment, 3rd Ave. has extended the work day beyond 9-5, and provided a collaborative, amenitized work environment for the brightest tech minds on 128.
Wegmans and other retail shops and restaurants at 3rd Avenue - Burlington, MAThe office market has been quick to recognize the benefits of locating and growing in this newly-urbanized environment, with 490,000 s/f of leases having been signed this year alone.
Notable deals include Desktop Metal (developing 3D printers for metals), Xebia Labs (software delivery automation), and D+H (financial technology provider). Existing tenant Veracode doubled in size to 92,000 s/f, and Kasalis grew to 29,000 s/f. In perhaps the largest suburban deal in 2016, Oracle renewed its lease for 309,000 s/f. Other notable renewals include Zeta Interactive and Dermalogica.
Northwest Park is the innovation hub of suburban Boston. Located at the intersection of Rte. 128 and Rte. 3, Northwest Park is home to 19 technology companies, 7 medical device companies, and headquarters to 18 companies. It is also home to 3rd Ave Burlington, the cultural heart of the region with over 20 boutique retailers, 5 locally owned restaurants, Wegmans and 180 luxury apartments.
Nordblom Co. is a real estate enterprise with a 92-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 the 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 Company has $1.2 billion in assets under management.
