Mark Cote and Roy Hirshland of T3 Realty represented Millennial Net, while John Cissel of Cornerstone Advisory Group represented EM4 Photonics and Douglas Wynyard represented property owner the Nordblum Co.
Andy May, president of Millennial Net, notes that the move, which is a relocation of the company's headquarters, indicates a refocus on research and development and production as well as an expansion of its management team to support the company's financial growth. Lease rates in Burlington are about $19 per sf, while similar space in Cambridge goes for an average of approximately $27 per sf.
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