August 15, 2019, WOBURN, MA – The Dolben Company, Inc. (“Dolben”) is pleased to announce that the firm has assumed the management of The Reserve at Burlington, a brand-new community. Located off Cambridge Street in an established office park in Burlington, Massachusetts, the property is conveniently sited less than one mile from Lahey Hospital and the Burlington Mall. The Davis Companies is developing the property in partnership with Principal Real Estate Investors; The Reserve represents Dolben’s first management assignment with this client.
The Reserve consists of 270 units with a mix of studio, one, two, and three-bedroom apartment homes. Amenities include three outdoor courtyards, a 24-hour fitness center, pool with sundeck and grilling areas, a living wall, and a multitude of resident work and lounge spaces. Additional amenities include a pet spa, Amazon Hub package management system, and covered parking with electric car charging stations. The apartment homes feature upscale finishes, with kitchen islands and glass-enclosed showers. First occupancy is expected in October; interested parties can visit www.ReserveYourLifestyle.com for more details.
Thomas D. Beaton, Senior Vice President, Management, noted, “We are delighted to be managing The Reserve. The property is ideally located for commuters, and offers an unparalleled amenity package. We have already seen a great deal of interest from the market, and are looking forward to an accelerated lease-up.”
Gary Hofstetter, Senior Vice President of the Davis Companies, echoed Beaton’s sentiments, stating, “Principal Real Estate Investors and the Davis Companies chose The Dolben Company to provide full property management services, and their insight has been integral and valuable in the design, marketing and leasing for The Reserve at Burlington. Their pre-advisory services, coupled with their professional management services, are the perfect match for The Reserve at Burlington.”
About The Dolben Company, Inc.
With offices in Massachusetts and Maryland and more than 17,000 residential units throughout the New England and Mid-Atlantic regions, The Dolben Company, Inc. is built on a deep heritage of performance and stewardship. Since 1929, four generations of the Dolben family have upheld a proud tradition of unparalleled success and profitability, fulfilling the property and investment needs for a wide array of businesses, financial institutions, organizations and private investors. For more information on The Dolben Company, visit www.dolben.com.
About Principal Real Estate Investors
Principal Real Estate Investors manages or sub-advises $82.9 billion in commercial real estate assets (as of June 30, 2019). The firm's real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.
About The Davis Companies
The Davis Companies is an integrated real estate investment, development and management firm headquartered in Boston that has invested more than $6.2 billion in gross asset value through real estate equity, debt and fixed-income securities. A combination of capital markets, development and management expertise allows The Davis Companies to nimbly tackle complex opportunities. Directly, and with its valued partners, The Davis Companies currently owns a real estate portfolio of approximately 10.2 million square feet of office, retail, hospitality, light industrial, healthcare and life science properties and approximately 5,000 residential units across the Eastern United States. For further information, visit www.thedaviscompanies.com.