Cushman & Wakefield Named Exclusive Leasing Agent for The District Burlington, a 1.1 Million Square Foot Premier Workspace

BOSTON, January 25, 2017— Cushman & Wakefield is pleased to announce they have been named the exclusive leasing agent for The District Burlington. Cushman & Wakefield will represent The District Burlington’s owner and master developer, National Development, and its partners AEW Capital Management and Charles River Realty Investors.

The District features over 1.1 million square feet of premier workspace within a highly walkable environment including high-end restaurants, over 30,000 square feet of retail, a new 170-key Residence Inn by Marriott and an abundance of open space – in one of the hottest markets in suburban Boston. Burlington’s growing cluster of urban amenities makes it an increasingly popular choice for tech companies who seek a Cambridge-like atmosphere at a lower cost. The District Burlington already boasts several high profile technology tenants including Black Duck Software, Trillium Software, TomTom, Ping Identity, Comsol and Charles River Systems.

By integrating popular retail locations such as the 268-seat Island Creek Oyster Bar, Tavern in the Square and Tuscan Kitchen, as well as the highly acclaimed fast-casual Pressed Café and Life Cycle Wellness, The District Burlington represents a unique environment which allows office tenants to attract and retain employees who value an amenity-rich workplace environment.

“Our team at Cushman & Wakefield is planning to attack the Greater Boston market in our leasing efforts to make noteworthy transactions and continue the positive energy at The District Burlington. This unique workplace environment is already one of the most sought after locations for innovative companies that value high-end workspace combined with eclectic restaurants and retail,” said Michael O’Leary, Managing Director at Cushman & Wakefield, who will be spearheading leasing efforts. “With additional amenities coming on line in 2017 such as the hotel and additional retail and restaurant attractions, this will continue to be the most coveted suburban location for any firm looking for a high-impact workspace in an urban atmosphere.”

The District Burlington is unique in its ability to accommodate tenants ranging in size from 2,000 square feet in existing space to 200,000 square feet in a build-to-suit opportunity. In addition to all the restaurants, tenants and visitors also have access to an abundance of free parking, a dedicated District shuttle with service to the MBTA Red Line (Alewife Cambridge Station), first class fitness amenities including a gym, spin studio, yoga studio and campus-wide bike sharing by Zagster.

“The District Burlington was conceived as a next generation suburban workplace catering to forward thinking tenants,” states Andrew Gallinaro, Senior Vice President from National Development. “Today’s companies and their employees now expect more out of their workspace as well as their greater workplace environment. We are pleased to be working with Cushman & Wakefield and look forward to continuing to deliver tremendous value to new and existing office tenants.”

“The District Burlington represents the preeminent urban environment in the Boston suburbs with hundreds of retail stores all within walking distance as well as a wide variety of restaurants and bars,” said John Boyle, Vice Chairman of Cushman & Wakefield. “We are incredibly proud to be a part of such an important assignment and look forward to working with National Development and its partners.”

About National Development

National Development is one of the largest development and asset management companies in New England. Since 1983, National Development has developed over 28 million square feet in over 45 communities. The company’s staff of over 200 have a hands-on approach that allows us to work closely with local communities, stay at the forefront of tenant needs, and execute thoughtful design and construction of commercial projects. Follow us on Twitter @nationaldevelop

About AEW Capital Management

Founded in 1981, AEW Capital Management, L.P. (AEW) provides real estate investment management services to investors worldwide. One of the world’s leading real estate investment advisors, AEW and its affiliates manage over $57.4 billion of property and securities in North America, Europe and Asia (as of September 30, 2016). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Singapore, Hong Kong, Boston, Los Angeles, London, and Paris, as well as additional offices in nine European cities. For more information please visit www.aew.com.

About Charles River Realty Investors LLC

Formed in 2006, Charles River Realty Investors LLC is a private equity real estate investment firm that employs the extensive operating and investment experience of its team to make value-added real estate investments on behalf of its institutional clients in a closed-end fund format. The firm and its principals have successfully acquired and/or developed over 25 million square feet of real estate with a value of over $4 billion.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

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