C&W Brews Up 424,000-SF BTS for Keurig

BURLINGTON, MA-Green Mountain Coffee Roasters has leased 424,000 square feet in a build-to-suit at Gutierrez Co.’s Burlington Research Center here. The deal, in which GMCR was represented by Cushman & Wakefield, will relocate the coffee maker’s Keurig single-cup unit from three locations in the Boston area. It’s among the largest recent leases within the Greater Boston region and is believed to be the largest suburban BTS suit on record, according to C&W.

Keurig’s new campus will be located in the area of 63 South Ave in Burlington. The relocation from GMCR’s three existing Massachusetts facilities in Reading, Wakefield and Woburn is anticipated to take place in phases over the next several years starting in 2013. GMCR currently employs 519 in the Bay State.

“Based on the continued growth of our business and the strategic opportunities we see to pursue innovations in categories adjacent to our current single-serve products, it was essential to find a location that could support our current and anticipated growth,” Keurig president Michelle Stacy says in a release. She says the new campus will allow for consolidation and “even greater collaboration among our functional teams” while giving the Keurig unit the ability “to greatly enlarge and improve space dedicated to research and development.”

The lease gives GMCR an option to expand to a Phase 3 building that would combine office, R&D facilities and lab space. C&W’s Boston-based team representing the tenant included executive directors Michael Frisoli and J.R. McDonald and Robert E. Griffin Jr., president of the New England area. Gutierrez, which developed the 16-acre Burlington Research Center, was represented by Doug Fainelli internally, with Jon Varholak and Ron Friedman of Richards Barry Joyce & Partners providing brokerage services to the landlord.