The Davis Companies Acquire One Burlington Business Center

The Davis Companies announced last week the acquisition of One Burlington Business Center, a four-story, 176,886 square-foot office building in Burlington. The building is adjacent to the Lahey Hospital and Medical Center, walking distance from a wide variety of retail and dining options and offers direct visibility from Rte. 128.

“Burlington Business Center marks our third investment in Burlington,” said Quentin Reynolds, Managing Director of Acquisitions for The Davis Companies. “By completing a series of upgrades to the building, we plan to transform the property into a highly attractive alternative for tenants looking to offer their employees the utmost convenience in an amenity-rich environment.”

As part of its planned upgrade program, The Davis Companies will update and transform the office center’s lobbies, cafeteria, fitness center and other and common areas.

One Burlington Business Center offers immediate access to Rte. 128/ Interstate-95 and features, a 3.6/1000 parking ratio. Adjacent to Lahey Medical Center and close to both Wayside Commons and the Burlington Mall, as well as the many retail and service amenities on Burlington Mall Road, it provides prime convenience in a suburban location.

Lahey Hospital & Medical Center is the anchor tenant. There are seven additional tenants, including Silverlink Communications and Kema Incorporated.

The Davis Companies has made two additional investments in Burlington over the past four and a half years, including I and III Burlington Woods, two office buildings totaling 267,000 square-feet that the company repositioned and sold in 2012; and Burlington Centre, owned in partnership with Principal Real Estate Investors, a 480,000 square-foot, four-building, Class-A office park situated on 47 acres off of Route 3A, which The Davis Companies and Principal are in the process of upgrading in order to take full advantage of the property’s highly convenient location, campus setting and very high quality buildings.

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