Nordblom Co Acquires Industrial Property On Blanchard Rd In Burlington For $6.4M

The transaction involved an industrial asset located at 60 Blanchard Rd, Burlington, MA, 01803, within the Burlington market. The property was purchased for $6,400,000.00, encompassing a total area of 50,300 square feet situated on 7.8 acres, featuring 650 feet of Route 128 frontage. It provides convenient access to Interstate 95.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,400,000.00
• Buyer: Nordblom Co
• Buyer's Representative: Michael (Mike) Frisoli - Newmark
• Seller: Jam Holdings Inc.
• Square Footage: 50,300
• Market: Burlington

Michael Frisoli, an Executive Managing Director at Newmark, represented Nordblom Co. in the purchase and also coordinated leasing efforts for the property. Nordblom Co. has received a permit to construct an additional 84,500 square feet of office space at the site. The area is notable for its proximity to Lahey Hospital & Medical Center and Burlington Mall, as well as several prominent companies like Oracle and Sophos Inc.