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95 Blue Sky Drive

Pramand Leases 41,411 Square Feet Office Space At Blue Sky Center, Burlington MA
LEASEDOffice

Pramand Leases 41,411 Square Feet Office Space At Blue Sky Center, Burlington MA

95 Blue Sky Drive

Building Size

41,411 SF

Asset Type

Office

Closing

Aug 21, 2025

AI

The property asset involved in this transaction is an office space located at 95 Blue Sky Drive in Burlington, MA. The total square footage of the asset is 41,411. This lease transaction marks a significant move for Pramand as it relocates its headquarters. The lease terms and specifics regarding financial transaction amounts are not disclosed.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 95 Blue Sky Drive
  • Market: Burlington, MA
  • Square Footage: 41,411
  • Landlord: Todd Nordblom - Nordblom Co
  • Tenant: Pramand
  • Landlord's Representative: Matthew Malatesta, Tyler McGrail, Michael Frisoli, Eric Jeremiah & Connall Chamberlain - Newmark
  • Tenant's Representative: Jonathan Varholak, & Perry Beal - CBRE

Pramand's relocation to the top-floor space at Blue Sky Center is facilitated by the collaboration between Newmark and CBRE, highlighting the involvement of multiple representatives in the lease agreement. The transaction represents a strategic location change for Pramand, shifting from Bedford to Burlington.

Players

Tyler McGrail

Newmark

Broker

$137.4M

vol

11 deals

Broker
CBRE
CBREBrokerage
Newmark
NewmarkBrokerage
Todd Nordblom

Todd Nordblom

Landlord

1 deal

Landlord

Burlington Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93