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Newmark Grubb Knight Frank (NGKF) is pleased to announce that Orbis Education, in partnership with Northeastern University’s Accelerated Bachelor of Science in Nursing (ABSN) Program signed a long-term, 13,904-square-foot lease expansion at 5 Burlington Woods Drive in Burlington, Massachusetts.
Part of Northeastern University’s School of Nursing, the ABSN Program is designed for those who already hold a Bachelor’s degree in another field and wish to acquire a Bachelor of Science degree in nursing and become a Registered Nurse. NGKF Director Brendan Daly and the 128 West team represented the Northeastern University ABSN Program in the transaction, which doubles the amount of space leased by the tenant.
“This expansion allows us to build a state-of-the-art simulation lab which enhances our on-site offering to our growing nursing student population,” said Tom Ryan, site director, Northeastern University ABSN Program. “NGKF was instrumental in helping us work with ownership to create the best long-term solution for our Burlington learning center.”
Owned by Capstone Properties, a commercial real estate investment and brokerage firm, 5 Burlington Woods Drive is a 110,000-square-foot, three-story office building located in the Boston suburb of Burlington. The Class A property is located next to the Burlington Marriot, offering easy access to Route 128 and features an on-site café with dining room as well as catering services.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.