Your search results

R.W. Holmes Brokers Sale of 40,000 SF Lab Conversion in Burlington for $8.8 Million

Posted by Anne on March 1, 2022
0

R.W. Holmes, one of the largest commercial brokerage firms serving tenants and landlords across Massachusetts for more than 45 years, today announced that it recently brokered the sale of 1 Rounder Way in Burlington, MA, for $8.8 million.

Elizabeth Holmes, Director of Corporate Services at R.W. Holmes, and Dean Blackey, Managing Director at R.W. Holmes, represented the buyer, ACCO Properties, LLC, in the transaction. The seller, Patriot Energy, was represented by Marci Alvarado, Senior Advisor at SVN Parsons Commercial Group Boston.

The two-story, 40,000 SF office building is located on a 3-acre lot. Strategically situated on Route 128 and across from Burlington Mall, the building can be converted into lab space and can be expanded up to 65,000 SF.

ACCO Properties is reviewing investment strategies for the property, focusing on converting to a lab and potentially expanding the property for the future use of one of their startups currently located in Waltham.  

“We’re pleased to find a perfect investment property for our client, who is expanding its portfolio in Greater Boston and is seeking to serve the growing needs of life sciences companies,” said Ms. Holmes.

 

  • News Categories

  • Noteworthy Transactions

    • R.W. Holmes assists Mattress Firm with Massachusetts expansion in 142,000 SF lease in Franklin
    • Boston Dynamics and SnapDragon Chemistry take 75,000 SF of lab/R&D space in Waltham Research Park 214,356 square feet 100% leased
    • R.W. Holmes represents MathWorks in the $16.7M, 107,000 SF acquisition of Cochituate Place, Natick
    • RWH takes 55% leased 130,000 SF Class A Office building to 95% leased at 55 Old Bedford Rd in Lincoln for owner Real Capital Solutions, Denver
    • RW Holmes Fully leases a 67,000-square-foot new spec industrial building at 50 Ryan Drive, Raynham, before completion.
    • R.W. represents MathWorks in Los Angeles, Maryland, and Michigan expansions
    • More Transactions >>

Compare Listings