Boston, October 25, 2017 – Despite several consecutive quiet quarters in the Burlington office market, Colliers has done it again, successfully attracting 5 new tenants totaling more than 30,000 cumulative square feet, this time to Duffy Properties’ 78 Blanchard Road. With suite sizes ranging from 3,300 to 11,600 SF, new tenants, Caras & Shulman, Axis Promotions, CGI, Mortgage Network, and AAM 15 Mgmt were attracted to the building’s quality spaces, premium amenities, and strength and commitment of local ownership. Colliers, in partnership with Duffy Properties, has aggressively and effectively slashed building vacancy, leaving only 15,000 SF, which is close to committed.
“We credit Duffy Properties for its proactive and aggressive approach to making deals and look forward to bringing 78 Blanchard to full occupancy,” noted Colliers International vice president Jason Rexinis. In addition to Rexinis, representing Duffy Properties in the latest lease transactions are Colliers International president Jim Elcock, executive vice president John Carroll III, senior vice president Bill Lynch, and associate Nora Smith.
78 Blanchard Road is a five-story, 113,159-SF asset speculatively constructed in 2014, and located within Duffy Properties’ larger, three-building Blanchard Woods campus. It has unsurpassed visibility, virtually sitting atop Route 128, which can be accessed within minutes via Middlesex Turnpike at Exit 32 or Cambridge Street at Exit 33. Property amenities include a cafeteria with outdoor patio area as well as a fitness center with lockers and showers.
About Duffy Properties
For over 50 years, Duffy Properties, a family-owned real estate development and management company has been focused on developing and managing quality properties for the long term and providing high touch and cost-efficient service to clients and tenants. Visit www.duffyproperties.com for more information.
About Colliers International Group:
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIGI is an industry leading global real estate services company with more than 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.
For further information, please contact:Christine Comey Lewis
InkHouse for Colliers International, Boston