92
BURLINGTON, MASS. — The Davis Companies has acquired a Burlington office park at auction for $32.75 million. Burlington Woods consists of two buildings totaling 267,829 square feet. The project was 64 percent occupied at the time of the sale. Tenants include Philips Color Kinetics, GE Ionics, KeyPoint Partners, Cbeyond and Corporate Technologies. The buyer plans to undertake a significant capital improvements program in order to reposition the property. Cushman & Wakefield has been selected to lease it. The Davis Companies completed the acquisition on behalf of its $230 million Davis Investment Ventures Value Opportunity Fund I.