National Development » Property » Unicorn Park

Unicorn Park

Woburn, MA

Acquiring and Enhancing Quality Office Assets

National Development-acquired Unicorn Park is one of National Development’s high profile acquisitions. Purchased in partnership with Charles River Realty Investors and CIGNA, this premier suburban office park consists of 601,164 square feet of Class A office within six buildings on 29 acres about 15 minutes north of Boston. The site offers a commanding highway presence along I-93 and features two fitness centers, three cafeterias, a conference facility, and is adjacent to a hotel.

Upon acquisition, the park was leased to 52 tenants ranging in size from 1,300 s.f. to 46,000 s.f. As the new owner, National Development initiated a significant capital improvement program to improve the property. This plan is focused on maximizing tenant retention and attracting new tenants to the park. Focal points of the improvement plan include major site landscaping improvements, new park signage, the installation of energy saving lighting and significant common area upgrades to select buildings. National Development’s strategy also includes redevelopment, sale or partnering with major tenants on select individual buildings within the park.