X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Buoyed by rising suburban office rents, Finard & Co. is acknowledging plans to fast track a four-story office building at its Burlington Woods Office Park. The company just received its permits from town officials and is wasting no time jumping into the development fray.

“Yes, we will be going ahead with that,” Finard managing director Robert Lemons says of the 100,000-sf project. “There’s absolutely the demand here, and there’s no sign of it letting up.”

Lemons says Finard hopes to be in the ground by October. While he declined to provide development costs, Lemons says the company will be looking at rents above $40 per sf. It will develop the structure on spec, he adds, although the company has already received unsolicited proposals for the bulk of the space, including a law firm, which is eyeing the entire building.

Burlington Woods Office Park, owned by a partnership that includes Finard and Mugar Enterprises, currently has three office buildings totaling 270,000-sf. Four Burlington Woods is being designed by Spagnolo Gisness of Boston.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.