40,000 SF Office Recently Rezoned For Lab Uses and Life Sciences
FOR IMMEDIATE RELEASE
CONTACT: Jacqueline Vancura
508.820.2700 x0
jacqueline.vancura@svn.com
BURLINGTON, MA — February 22, 2022 — SVN | Parsons Commercial Group | Boston has completed the sale of a 40,000-square-foot office/flex building on approximately three acres at 1 Rounder Way in Burlington, Massachusetts to ACCO Properties, LLC for $8.8 million.
Senior Advisor, Marci Alvarado of SVN | Parsons Commercial Group | Boston represented the sellers, Plover Capital, LLC and Nils Anthony LLC. Dean Blackey and Elizabeth Holmes of RW Holmes represented the buyer, ACCO Properties, LLC, in the transaction.
1 Rounder Way is located right on Route 128 across from the Burlington Mall and has approximately 1,100 feet of frontage on the highway. The building is currently built out to accommodate multiple tenants and was recently rezoned to allow for lab uses and life sciences by right.
“The new owners are discussing converting and expanding the property into a 75,000 square foot lab/life sciences building for one of their growing biopharmaceutical startups. This startup is currently based in Waltham and focuses on oncology and autoimmune therapies,” Alvarado said. “ It was a pleasure working with Dean Blackey and Elizabeth Holmes from RW Holmes who represented the Buyer and helped to make the transaction come to fruition.”
About SVN | Parsons Commercial Group | Boston SVN | Parsons Commercial Group | Boston is an independently owned and operated SVN® office located in Framingham, MA. The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create outsize value for all stakeholders. For more information, visit www.svn.com.
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