Gutierrez to convert 4 Burlington Woods into new speculative lab building in Burlington
The Gutierrez Company announces that it has formed a joint venture partnership with a national institutional investor to develop the Burlington BioCenter at 4 Burlington Woods in Burlington, MA.
BOSTON, May 1, 2019 – The Gutierrez Company, a leader in the Boston real estate community, announces that it has formed a joint venture partnership with a national institutional investor to develop the Burlington BioCenter at 4 Burlington Woods in Burlington, MA. The conversion to a new, state-of-the-art, 109,500-square-foot lab-ready facility designed and permitted for lab use is scheduled to be completed by the end of 2019.
Burlington BioCenter, located in Greater Boston’s leading life science cluster, is configured for a variety of layouts. It will feature four stories of LEED Certified lab-ready core and shell; interconnecting stairways; floor-to-ceiling windows; a high-performance lab infrastructure with cutting edge energy efficient systems; abundant parking; and an open design aesthetic.
“Working together with our capital partner, R.E. Dinneen Architects & Planners, and AHA Engineers we are repositioning 4 Burlington Woods to provide fully customizable lab space in a market starved for quality space that is ready for tenant buildout,” said Doug Fainelli, Vice President of Operations with The Gutierrez Company. “We are excited to add the Burlington BioCenter—with its direct access to Route 128 and world-class amenities—to the region’s dynamic life science cluster.”
JLL is representing the new joint venture in the leasing and marketing of Burlington BioCenter. The JLL team on the assignment is comprised of Executive Managing Director Matt Daniels, Senior Vice President Chris Decembrele, and Senior Vice President Andrew Whipple.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com
About The Gutierrez Company
For over 40 years, The Gutierrez Company has been a leader in the Boston commercial real estate community. Their vertically integrated approach to development and in-depth knowledge of the marketplace have allowed them to create projects that address their clients’ specific needs while improving the physical landscape. The Gutierrez Company experience includes: office, lab, research and development, industrial, retail and multi-family residential, exceeding 100 projects and eleven million square feet.