South Shore-based CRE firm acquires 160,000 SF Class A Office Building in Burlington, MA
[BOSTON, MA—September 03, 2021] FoxRock, a South Shore-based commercial real estate investment and development firm, announces its first acquisition in Boston’s northern suburbs. The firm, which has a substantial portfolio of properties in Massachusetts and Rhode Island, now adds a 158,602 square-foot property in Burlington located at 1 Van De Graaff Drive.
“This is a big milestone for FoxRock. We are excited to be expanding to the 128 North market,” says Bryan Giudicelli, FoxRock’s Director of Business Development. “This location will become a key piece of our new flexible leasing model that we will announce soon. And we plan to continue to expand our geographic footprint to enhance our offering to tenants.”
Burlington is a premiere suburban submarket of the Greater Boston area which is heavily amenitized and is also easily accessible to downtown Boston. The six-story Class A property with visibility and signage potential along Interstate 95/Route 128 is 73% leased. 1 Van De Graaff boasts notable neighbors such as Oracle and Raytheon Company, offers walkability to diverse retail options within the nearby Wayside shopping center, and provides an abundance of on-site amenities including a private meeting room, full-service café, and a fully equipped gym with locker rooms and showers.
“At FoxRock, we are committed to purchasing properties that deliver value for our tenants,” says Mark Carroll, Managing Director at FoxRock. “This location is a proven, successful home for a wide range of business categories. We look forward to supporting our tenants and becoming an active participant in the Burlington community.”
FoxRock’s growing portfolio includes more than 4 million square feet of real estate within the office, biotech, medical office, industrial, and retail space.
FoxRock is a commercial real estate and investment company that owns and manages more than 4 million square feet of office, biotech, medical office, industrial, and retail space. Its portfolio comprises existing assets as well as large-scale development projects, and is supported by a team of more than 40 experienced and dedicated professionals. With properties in Massachusetts, Rhode Island, and Florida, FoxRock is continuously expanding across multiple asset classes and locations. Learn more at https://www.foxrockproperties.com