BURLINGTON, MA-The Davis Cos. of Boston has sold a pair ofoffice buildings in Burlington for $54 million to an institutionalinvestment fund. The company acquired One and Three BurlingtonWoods at a foreclosure auction in 2010 from GE Capital.
After buying, Davis spent $3 million to renovate the buildingsand closed lease deals totaling nearly 113,000 square feet. Mostrecently, New England Association of Schools and Colleges inked an11-year lease at Three Burlington Woods. The two buildings arecurrently 97% leased. For the full story, go to Boston Business Journal .
GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
