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Northeastern expands in Burlington with $33 million office building purchase
The Burlington expansion is one of several development projects underway at Northeastern University.
Northeastern University is expanding again—this time in Burlington, where it is dropping $33 million on a research and development office building near its existing innovation campus.
According to property records, Northeastern closed on the deal to buy the building from MetLife on Monday.
The office is less than 10 minutes away from the current campus in Burlington, which houses the Kostas Research Institute for Homeland Security and other life science and research labs.
According to a statement from Renata Nyul, the vice president for communications, the expansion of the Burlington campus “is a critical piece of the university’s global research enterprise.”
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“The new building will expand the footprint and capabilities of our world-class faculty researchers,” Nyul stated.
Newark arranged the sale of the Burlington BioCenter, a 109,085-square-foot, four-story life sciences building. Construction was completed in 2019, and interior laboratory buildouts were finalized in 2022.
According to the assessor and property records, the office building was last sold to MetLife in 2022 for $103 million. Burlington assessed the property at nearly $20 million.
The sale is only one part of Northeastern’s recent expansion efforts.
Last year, Northeastern merged with Marymount Manhattan College, a small liberal arts college on New York City’s Upper East Side. Marymount will join Northeastern’s global network of 13 campuses as “Northeastern University—New York City.”
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In 2022, Northeastern merged with Mills College, a historical women’s college in Oakland, California, to create a new campus called “Mills College at Northeastern University.”
Northeastern also has plans to replace its historic Matthews Arena with a new multi-purpose athletics facility.
And the university received approval to move ahead with a hotel-to-student housing project at Back Bay’s Sheraton Hotel.
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