Evare Moves to 3 Burlington Woods

BURLINGTON, MA-Aiming to improve its image and reduce its occupancy costs, a financial services technology company has moved its corporate headquarters to 3 Burlington Woods here. The five-year lease agreement gives the firm 18,000 sf of office space in the fully leased, four-story office building.

David Boyle, with Trammell Crow Co, tells GlobeSt.com that Evare LLC, which provides high tech services to financial institutions, was able to take advantage of the low occupancy rates in the local market to upgrade its image while remaining in the same town where it has been located for the past five years. “They had two goals: to improve their image and to reduce occupancy costs,” notes Boyle.

While the four-story, 147,712-sf 3 Burlington Woods office building achieved both goals, he adds, it also was a money saver for the company, which pocketed about $150,000. The building offered plug-and-play facilities and did not have to be retrofitted for Evare’s use. With about 2,000 sf of additional space over its previous location at 41 Second Ave. and on-site fitness facilities and a café–both unavailable at its former offices–the building was a good fit, Boyle says. Terms of that lease were not disclosed. Boyle, along with Trammel Crow colleague John Boyle, represented Evare, while Tamie Thompson with Spaulding & Slye Colliers represented the owner, Finard Co.