Tenants Take 60,000 SF at Northwest Park

BURLINGTON, MA-The Nordblom Co. has completed several leases at Northwest Park. The activity totals more than 60,000 sf, nearly half of which came via a 29,000-sf lease by Keystone Dental Inc.

“Clearly the real estate market is showing signs of improvement,” Nordblom SVP Douglas Wynard says in a release discussing the transactions. “We are seeing existing companies expanding and new venture-backed companies locating in real estate environments where they can plan their future growth.”

Other tenants signing deals were Vesta Consumer Credit Services for 12,000 sf at 164 Middlesex Turnpike, while Z Corp. expanded in that building to an additional 10,000 sf. Longtime Northwest Park tenant iBasis took an extra 2,700 sf in the same property.

Keystone Dental will occupy 144 Middlesex Turnpike upon relocation from another site across town. The tenant was represented by NAI Hunneman Commercial Corp. principal Steve James and SVP Jim Boudrot.

Keystone is an emerging player in the dental device market, notes Nordblom VP Adele Oliver, who says a new master plan for the park is further attracting companies. “We will be able to create an even more vibrant, amenity rich location that appeals to today’s employees,” says Oliver, with the ability to accommodate future expansion considered another plus. Vesta was represented in its lease by T3 Realty Advisors VP Mike Taylor.

Based in Northwest Park, which is located just off Route 128, Nordblom is a full-service real estate company that develops, invests, manages and sells properties throughout New England and the Carolinas. The enterprise has 6.5 million sf of multifamily and commercial assets under management and 75 employees.