Ovitas Acquires Office Asset in Burlington
- Apr 11, 2017
Lee Partners of New England brokered the sale of a 13,106-square-foot commercial office building in Burlington, Mass. to Ovitas Inc. for $2.2 million. Managing Partner Bruce Lee represented the seller, G.F. Properties LLC. Ovitas was represented by O’Brien Commercial Properties, through Joel Aho, vice president of investment sales.
Located at 155 Middlesex Turnpike, less than one mile away from Route 128 and the Burlington Mall, the two-story facility was bought by G.F. Properties in 1998. The asset was completely renovated between 2000 and 2001. The new owners will retain several existing tenants and move from their current location at 60 Mall Road within the next year. Additionally, Ovitas is planning to upgrade the asset.
The property served primarily as the headquarters for Fulchino, O’Reilly & Co., an accounting firm that merged with Tonneson + Co. and is now relocating.
Image via Google Street View