Photo courtesy of FoxRock Properties

What: 1 Van de Graaff Drive
Where: Burlington
Owner: FoxRock Properties
Built: 1986 

FoxRock Properties’ newest acquisition offers an opportunity for companies looking for office space in a top Route 128 submarket. 

The Quincy-based developer acquired 1 Van de Graaff Drive, a 157,229-square-foot office building equipped with a cafeteria, fitness center and proximity to the Wayside retail center, on Aug. 30 for $33.25 million. 

FoxRock owns and manages more than 4 million square feet of commercial real estate in Massachusetts, Rhode Island and Florida. 

Newmark’s capital markets team represented the seller and procured the buyer. 

They Said It: 

“1 Van de Graaff Drive offers an attractive combination of in-place income via 73 percent occupancy and upside potential through the ability to lease up 42,100 square feet of current availabilities. The asset is well located in Burlington, one of Greater Boston’s premier suburban submarkets, with excellent visibility and signage potential along Interstate 95/Route 128.” 

— Samantha Hallowell, managing director, Newmark