The Davis Companies (TDC) has signed lease agreements totaling 29,000 s/f at Burlington Woods Office Park. TDC welcomes new tenant, CSG Systems International, Inc., which signed a lease to occupy 10,000 s/f of space in One Burlington Woods, and renewed existing tenant Corporate Technologies, Inc. for 19,000 s/f at Three Burlington Woods.
Burlington Woods is a first-class, two-building office park which consists of 267,829 s/f. Following the acquisition of Burlington Woods I and III in 2010 on behalf of their $230 million Davis Investment Ventures Value Opportunity Fund I, TDC undertook a $3 million renovation and modernization of Burlington Woods I that included an entire new window system, increasing the natural light by approximately 35%, a new monumental exterior entry, modern cafe and conference center, a new floating glass staircase in the main lobby with glass landings on the upper floors, and modern bathrooms. Since acquiring Burlington Woods I and III, TDC has completed lease transactions totaling approximately 94,000 square feet.
"These leases continue the momentum we have maintained over the past year as the new owners of Burlington Woods I and III," said Duncan Gilkey, senior vice president and director of leasing for TDC.
"The property's fantastic location, coupled with our significant investment in upgrades to the property have enabled us to increase occupancy by both retaining existing tenants and attracting new ones."
CSG Systems International, Inc. is a market-leading business support solutions and services company serving the majority of the top 100 global communications service providers, including leaders in fixed, mobile and next-generation networks. With over 25 years of experience and expertise in voice, video, data and content services, CSG International offers a broad portfolio of licensed and Software-as-a-Service (SaaS)-based products and solutions that help clients compete more effectively, improve business operations and deliver a more impactful customer experience across a variety of touch points. Brendan Fisher, Principal of CresaPartners, represented the Tenant and Steve James, Executive Vice President, and Jim Boudrot, Senior Vice President, of NAI Hunneman represented the Landlord.
Founded in 1994, Corporate Technologies provides consulting services, project staffing, and systems integration to clients seeking continual transformation and optimization of their IT and Data infrastructures. Through the ef­fective use of Virtualization, Cloud Computing, and High Impact Business Intelligence, Corporate Technologies helps its clients reduce operational costs, protect critical IT assets, and position themselves for growth.
"Burlington Woods has been the perfect location for us, and we are pleased to continue calling it our home," said Corporate Technologies CEO, president and founder, Harry Kasparian. "The quality of the building management and the improvements made by The Davis Companies were key factors in our decision to stay."
About The Davis Companies
Founded in 1976, The Davis Companies has earned a reputation for integrity, creativity and excellence, making it one of the premier real estate investment, development and management firms in the Northeast U.S. Over the years and across multiple real estate cycles, the Company has applied a disciplined and value-oriented investment approach. It has invested in approximately 120 properties representing over $2 billion in gross asset value, and has acquired approximately $300 million of commercial loans and real estate securities. Today, The Davis Companies, together with its affiliates, owns and manages a real estate portfolio of approximately 6 million square feet and is an active investor in real estate equity, debt, and fixed-income real estate securities.