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BEA Systems Leases Entire Building

BURLINGTON, MA-BEA Systems leases an entire 100,000 sf building here on 4 Van de Graaf Drive. The move is encouraging for a suburban market that has begun to feel the effects of the high tech bust.

By Naomi Grossman | Updated on May 16, 2001

BURLINGTON, MA-In a move that could be seen as an encouraging sign in an otherwise gloomy suburban market, BEA Systems is leasing an entire four-story building here on 4 Van de Graaf Dr. The 100,000-sf building, developed by the Gutierrez Cos., will become BEA’s regional headquarters.

The California-based high tech company will be consolidating its Maynard and Cambridge offices here. According to Spaulding & Slye Colliers’ principal Tamie R. Thompson, who represented the landlord in this lease, the lease rate will be in the mid to high $40′s per sf over the next ten years.

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