The master plan involves six office, research and developmentand telecommunications buildings along with 1,600 parking spaces.Three of the office buildings are new with two of them at 220,000sf and six stories each and one at 100,000 sf and four stories.According to a released statement, construction on the powerhouse,a 34,000-sf renovation, will be completed in February and thecompany is moving forward on the 55,000-sf renovation of the coolerbuilding. Nordic Properties also anticipates receiving a buildingpermit for 480 Rutherford Ave., a 106,000-sf renovation andexpansion, in time to begin construction this January.

500 Rutherford Ave., the first completed phase of the Park, iscurrently 100% leased. Among its tenants are Design Partnership ofCambridge, Personal Health Technology, Allegiance Telecom,Broadview Networks, and Hosting.com.

Nordic Properties is the real estate investment affiliate ofBurlington, MA-based Nordblom Company, a provider of real estatesolutions. The company specializes in commercial and multifamilybrokerage, property management, investment sales, development andasset management.