Burlington to host Economic Development Summit on Commercial Office

The Town of Burlington will host the Burlington Economic Development Summit on Commercial Office on Wednesday, March 18, from 5:00 p.m. to 7:00 p.m. at Grand View Farm, 55 Center Street, Burlington, MA.

Designed as a focused commercial real estate session for Burlington’s civic leadership, the summit will help participants better understand office market dynamics along Route 128, compare Burlington’s position to peer communities, and identify practical short- and long-term reinvestment strategies that support a resilient tax base.

The intended audience includes Burlington’s Select Board and Planning Board members; Town Meeting members; and key committees including Land Use and Ways & Means.

“Burlington’s commercial office market, like many communities along 128, is evolving quickly,” said Melisa Tintocalis, Burlington’s Director of Economic Development and summit moderator. “This summit is about grounding our local conversation in real market realities, learning directly from experts, and leaving with a clear set of next steps the Town can act on.”

Program Highlights

• Market Reality Check / Market Overview: Michael O’Leary, Executive Managing Director, Cushman & Wakefield will present office market trends, vacancy dynamics, tenant categories, and Burlington’s competitive position relative to comparable Route 128 communities.
• Panel Discussion: A moderated discussion on near-term leasing/tenant retention and reinvestment, as well as longer-term trends including reuse and district evolution.
• Solution-Generation: Participants will work toward identifying at least one actionable municipal step or a targeted policy/permitting improvement.

Confirmed Speakers

• Moderator: Melisa Tintocalis, Director of Economic Development, Town of Burlington
• Market Overview: Michael O’Leary, Executive Managing Director, Cushman & Wakefield
• Panelists:
  • Chris Steele, CEO and President, EBP US
  • Rick Parker, Executive Director, Burlington Area Chamber of Commerce
  • Sandi Silk, Executive Vice President of Real Estate, MassDevelopment
  • Crosby Nordblom, Executive Vice President, Nordblom Company
  • Michael O’Leary, Executive Managing Director, Cushman & Wakefield

Registration is required, please use this Eventbrite link to register as seating & parking are limited. This will be an in-person event and not a hybrid.

Courtesy of BCAT News