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Burlington Woods Office Park on Sales Block

BURLINGTON, MA-Located on a 17.3-acre parcel, the trio of buildings is expected to trade for at least $50 million, industry experts estimate.

By Joe Clements | Updated on March 12, 2007

BURLINGTON, MA-One of the grand dames of suburban Boston’s commercial real estate market is being offered up for sale, according to industry sources. The three-building, 288,953-sf Burlington Woods Office Park is being peddled to suitors through Jones Lang LaSalle’s Boston-based Capital Markets Group.

“The time has come,” one source says of the move by Finard Properties LLC, whose principals developed the trio of buildings between 1980 and 1984 while known as Finard & Co. Founder William Finard and son Todd Finard left the latter company in January to launch Finard Properties LLC, while Finard & Co. was renamed KeyPoint Partners LLC and taken over by Robert Lemons and Mark Becker. Both Finard Properties LLC and KeyPoint Partners are headquartered at One Burlington Woods.

Calls to William Finard and JLL’s Capital Markets Group were not returned by deadline, but an offering sheet obtained by GlobeSt.com reveals that the marketing campaign has already commenced. JLL brokers involved in the sale include Michael Smith, Scott Jamieson, Cappy Daume, Gail McDonough, James Koury and Sean Keaney.

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