Nordblom Company Acquires 60 Blanchard Road for $6.4 Million
Nordblom Company, in partnership with Alcion Ventures, is pleased to announce their acquisition of 60 Blanchard Road, Burlington from JAM HOLDINGS, Inc., for $6.4 million. The purchase includes a single-story commercial/flex building totaling 50,300 s/f on 7.8 acres of land. Mike Frisoli from NGKF served as broker on the transaction.
“This property affords a terrific opportunity to reinvigorate an owner-occupied asset in a strong market location providing exceptional Route 128 visibility,” said Og Hunnewell, partner of Nordblom Company. “The building lends itself well to a variety of user types. In keeping with the strong Burlington marketplace, we intend to undertake upgrades to the building and site for occupancy as early as May 2020,” he continued.
The building includes 650 feet of Route 128 frontage and easy access to Routes 3 and 128. “Both the location and high visibility make it a prominent and convenient alternative for a wide range of R&D, office and lab tenants,” said Kristopher Galletta, partner of Alcion Ventures. Furthermore, the property has received its Special Permits for 84,500 s/f of new office construction.