The parent company of Archer Hotels has acquired a development pad on Nordblom Co.’s third Avenue retail boulevard in Burlington for its first New England location.

Lodgeworks paid $4 million for the 2.75-acre site. The property with frontage on Middlesex Turnpike previously contained a single-story R&D building that was demolished this spring.

Nordblom is gradually replacing aging office and research buildings within the 127-acre Northwest Park with retailers, restaurants and multifamily housing. A subsequent phase will include a 135,000-square-foot Lifetime Fitness Club and a 245,000-square-foot build-to-suit office building.

HFF’s Denny Meikleham and Alan Suzuki represented Nordblom Co. in the Archer transaction.

Archer Hotels is a boutique brand with locations in Manhattan and Austin, Texas and properties under development in Florham Park, New York and Napa, California.

Boutique Hotel Brand Acquires Burlington Site

by Steve Adams time to read: 1 min
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