October 9 2019

Developers Announce Purchase of Blanchard Road Property for R&D, Labs and Office Space

By: BNEWS

One of Burlington largest developers has announced that it has purchased, with a Boston-based partner, a property in Burlington. 

 

Nordblom Company, in partnership with Alcion Ventures, is announced their acquisition of 60 Blanchard Road from JAM HOLDINGS, Inc., for $6.4 million. The purchase includes a single-story commercial/flex building totaling 50,300 square feet on 7.8 acres of land. Some of the land surrounding the building is wetland and not developable. 

 

“This property affords a terrific opportunity to reinvigorate an owner-occupied asset in a strong market location providing exceptional Route 128 visibility,” said Og Hunnewell, partner of Nordblom Company. “The building lends itself well to a variety of user types. In keeping with the strong Burlington marketplace, we intend to undertake upgrades to the building and site for occupancy as early as May 2020.” 

 

The building includes 650 feet of Route 128 frontage and easy access to Routes 3 and 128. 

“Both the location and high visibility make it a prominent and convenient alternative for a wide range of R&D, office and lab tenants,” said Kristopher Galletta, partner of the Boston-based real estate firm Alcion Ventures. 

The property received Special Permits for a four-story, 84,500 square feet of new office construction from the Burlington Planning Board in 2016 when it was still owned by JAM Holdings. 

The building is currently the home of dataCon Inc.


 

 
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