Stantec signs 46,668 sf lease at Network Drive
BOSTON - January 24, 2019 – Nordblom Company and institutional investors advised by J.P. Morgan Asset Management announce that Stantec, a leading global design and engineering firm, has signed a lease for 46,668 square feet of Class A office space at 65 Network Drive, Burlington, MA. The second-floor space will serve as the new location of Stantec’s long-standing Burlington operations, one of 12 offices the firm has across New England. This building is a central part of the 1 million-square-foot Network Drive office park.
JLL Managing Director Brendan Callahan, Senior Vice President Andrew Whipple, Vice President Gabrielle Beaudry, Vice President David Goldberg, and Associate Michael Reardon represented Stantec in partnership with Lee Kiziak, Principal in the firm’s corporate real estate team. The landlord was represented by the Newmark Knight Frank leasing team of Mark Roth, Matthew Malatesta, Brendan Daly, and Brianna Piacitelli. The space is being renovated to provide the company with a flexible and open business environment that will best serve their expanding team of engineers and designers. Occupancy is scheduled for the fourth quarter of 2019.
“Following a thorough assessment of our office needs, we’re pleased to secure a space that reflects our priorities for a high-tech, collaborative team environment,” said Peter Howe, Vice President and New England Regional Leader of Stantec. “65 Network Drive, which was originally designed by a team now part of Stantec, presents our Burlington staff with a modern and centrally located campus offering a full range of amenities geared for productivity and wellness.”
“We are delighted that Stantec has decided to be part of the dynamic group of growth companies here,” stated Adele Olivier, Senior Vice President of Nordblom Company. “They recognize the value of this world class office park with its growing amenity base, vibrancy, and high-quality office space which companies can leverage to attract and retain talent.”
Located at the center of the dynamic Burlington business community, Network Drive at Northwest Park is a LEED Gold Certified campus, offering a world-class business environment featuring the most modern and robust amenity package on Route 128, including: cafes and coffee bars, private dining, gaming areas and TV lounges; complimentary bike sharing and electric vehicle charging stations; free access to on site Wi-Fi and video conferencing; fitness center, putting green, indoor and outdoor basketball, bocce, meeting spaces and multiple outdoor patios. Tenants of Network Drive at Northwest Park benefit from a MBTA bus stop on the campus, featuring an express shuttle from Alewife, as well as being only a short walk or bike ride to the adjacent 140,000 sf Lifetime Fitness facility; 3rd Avenue restaurants and shops, including: Wegmans, The Bancroft, Kings Bowling, Tony C’s Sports Bar, Redstone Grill and Nino’s Italian restaurant; the 140-room boutique Archer Hotel, and 300 units of luxury apartments.
Communities are fundamental. Whether around the corner or across the globe, they provide a foundation, a sense of place and of belonging. That's why at Stantec, we always design with community in mind.
We're designers, engineers, scientists, and project managers, innovating together at the intersection of community, creativity, and client relationships. Balancing these priorities results in projects that advance the quality of life in communities across the globe.
Stantec trades on the TSX and the NYSE under the symbol STN. Visit us at stantec.com or find us on social media.
About Nordblom Company
Nordblom Company is a real estate enterprise with a 90-year history of investing, managing and developing properties throughout the New England region and select markets across the country. The company currently owns office, commercial and multi-family properties in the New England and Carolina markets and is committed to creating dynamic work and living environments that further the quality of life for the people who occupy its properties. Headquartered in Burlington, Massachusetts with offices in Boston, Brookline, and Raleigh, North Carolina, Nordblom Company has $1.2 billion in assets under management.
About J.P. Morgan Global Alternatives
J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than $135 billion in assets under management and over 800 professionals (as of September 30, 2018), we offer strategies across the alternative investment spectrum including real estate, private equity and credit, infrastructure, transportation, liquid alternatives, and hedge funds. Operating from 23 offices throughout the Americas, Europe and Asia Pacific, our independent alternative investment engines combine specialist knowledge and singular focus with the global reach, vast resources and powerful infrastructure of J.P. Morgan to help meet each client’s specific objectives. For more information: www.jpmorganassetmanagement.com.
About Newmark Knight Frank
Newmark Knight Frank (NKF) is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF's 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NKF's strong foundation makes it one of the most trusted names in commercial real estate. NKF's full-service platform comprises BGC's real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; NKF Capital Markets services, including investment sales, debt placement, valuation and advisory services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.
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 operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com