Nordblom Company Welcomes Keurig Green Mountain to New Office/R&D Center
Transwestern | RBJ today announces the firm brokered a 41,705-square-foot lease on behalf of building owner Nordblom Company with tenant Keurig Green Mountain Inc. (NASDAQ: GMCR). The space at 201 Burlington Road in Bedford will be used for office, research and development purposes. Partners Brian McKenzie, James Lipscomb and John Wilson represented Nordblom in the transaction.
“When Nordblom acquired 201 Burlington Road, we immediately began a significant capital improvement program to make it one of the top assets in the market,” said Alexander Schnip, Assistant Vice President of Real Estate Management at Nordblom. “Through the work of the Transwestern │ RBJ team, we have been able to capitalize on that investment and welcome an excellent company like Keurig.”
201 Burlington Road consists of two connected office buildings totaling 135,000 square feet. The buildings have received considerable improvements, including a complete demo-to-structure renovation which provides for a dramatic two-story atrium lobby, a new metal façade, upgraded windows, advanced systems and attractive landscape work. Nordblom has also invested in a new, on-site cafe, bike storage, fitness facility and shower/locker facilities to create a first class office campus. Nearby amenities include a wide range of restaurants and retail, as well as MBTA bus service with access to the Alewife train station. Situated in the center of the Route 128/Route 3 Tech Corridor, 201 Burlington Road offers unparalleled access to the region’s central highways and prominent visibility from Route 3 at Exit 26.. Transwestern | RBJ is the exclusive leasing agent for 201 Burlington Road.
Bedford is located in the Route 128 North submarket, which consisted of 26.1 million square feet of office space with a 13.9 percent vacancy rate at the close of first-quarter 2015, according to research by Transwestern | RBJ (http://twurls.com/boston-office-1q15).
Keurig Green Mountain is expanding from its current location in Burlington and is expected to take occupancy in summer 2015. The specialty coffee and tea company was represented by Michael Frisoli and Peter Whoriskey of Cushman & Wakefield.