NetBrain Moves Corporate HQ to Network Drive in Burlington
NetBrain Technologies, creator of network automation software, is opening their new corporate headquarters at Network Drive at Northwest Park in Burlington, Mass.
The company signed a lease for 13,864 square feet of Class A office space at 65 Network Drive, a 180,000-square-foot building in the complex. Terms of the deal were not disclosed. Average Class A rents in Burlington office properties in the fourth quarter was $24.47, according to Cassidy Turley.
NetBrain is moving from 23 Third Avenue in Northwest Park, Burlington to create their new expanded facility. Network Drive offers enough land to build up to an additional 300,000 square feet of space for possible expansion.
Network Drive at Northwest Park is a one million-square-foot office campus on 158 acres. It is one of the largest office parks along the Route 128/I-95 corridor, and is located on Route 3 at the I-95 intersection. It consists of seven buildings in a landscaped setting.
NetBrain joins other companies which have established headquarter locations at Network Drive at Northwest Park including Veracode, Dyax Corp., Avid Technologies, Palomar Medical, Exa Corporation, e-Dialog and Memento, as well as a large regional office for Oracle Corp. (Nasdaq: ORCL).
Jones Lang LaSalle (NYSE: JLL) represented the owner, Nordblom Co., while CBRE represented the tenant.