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.
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