Project Progress: Acquired By Proponent

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About The Center at Corporate Drive

10-35 Corporate Drive, Burlington, MA

487,000-square-foot Class A office park situated on 47 acres, located 15 miles northwest of Boston just off of Interstate 95/128. Built in 1998, the park was transformed by previous owners The Davis Companies and Principal Real Estate Investors, who in early 2016 completed a $8 million capital improvement program that added a 7,850-square-foot cafeteria with flexible conference space, a 2,100-square-foot fitness area with a yoga room, new showers and locker facilities, a 4,500-square-foot outdoor patio, numerous common collaboration areas and Wi-Fi connectivity throughout.

The Center at Corporate Drive features four buildings at 10, 25, 30 and 35 Corporate Drive, with captivating views of Boston’s skyline. The park is 94%-leased to a variety of technology tenants. Spear Street Capital acquired The Center at Corporate Drive in Fall 2017 for over $133 million. The Davis Companies and Principal Real Estate Investors remain the owners of 20 Corporate Drive, a section of the park where the proponents have approval to construct a 270-unit residential apartment building containing one, two and three-bedroom residences.

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Dec 04, 2017

Four-building Burlington Class A office park acquired for over $133 million


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