Gutierrez Breaks Ground on $35 Million Spec Office Building in Burlington
- Sep 12, 2014
By Veronica Grecu, Associate Editor
Construction began at a new Class A speculative office building in suburban Boston.
As reported in the Boston Business Journal, the Gutierrez Company recently broke ground on a 100,000-square-foot LEED certified building designed for end-user flexibility. Dubbed Burlington Woods 4, this four-story structure will add to Gutierrez’s six-building office park that occupies a 15.6-acre property off of Route 128 in Burlington, Ma., and roughly 16 miles northwest of Boston.
The $35 million spec office building, which is scheduled for completion in the first quarter of 2015, was designed by CUBE 3 Studio of Lawrence, Ma. Located on around five acres of landscaped mall and within walking distance from the Boston Marriott Burlington and the Burlington Mall and Wayside Commons, the building will feature a two-story lobby, interconnecting stairways, floor-to-ceiling windows along the main façade, and energy efficient systems. The new development also includes 350 parking spaces with direct access to the highway.
According to the Journal, in January this year Gutierrez paid approximately $4 million for the 4.6-acre construction site which was previously owned by Finard Properties, a commercial real estate investment and development company based in Boston.
Gutierrez has retained JLL as the exclusive leasing agent for the project. “Given the flexibility and uniqueness of the project, we are seeing users of all types and sizes show interest in becoming the first tenant,” said JLL Senior Vice President Chris Decembrele in a press statement. “In the Burlington market, where large blocks of vacant space are getting scarce, this will be a great option for growing tech companies,” he added.
Rendering courtesy of the Gutierrez Company