Burlington
Currently managedFund: AREUS I
Strategy: Value-Add
Submarket: Boston, CA
Square footage: 9.300mq
Acquisition: Q3-22
The property is a three-storey building located in Burlington, in the Boston submarket.
The location is particularly favourable as Burlington offers research lab space at a discounted price compared to other cities along Route 128, a location where life science companies seeking more competitive pricing are expanding.
In recent years, Burlington has benefited from the influence of tenants focused on research laboratories and is increasingly becoming a life science cluster; in fact, the team’s goal is to convert the property to life science use and reposition it in the market.