162,000 SF Extension Marks One of the Largest Office Leases in Massachusetts in 2025
Burlington, MA – State Street, the leading U.S. financial services firm, has signed a major lease renewal at The District Burlington, located at 700 District Avenue. The agreement includes the renewal of 147,000 square feet with a 15,000-square-foot expansion, totaling 162,000 square feet, and extends the lease through May 31, 2037.
State Street joins a growing list of tenants deepening their commitment to The District. Earlier this year, National Development announced lease renewals totaling more than 130,000 square feet from COMSOL, Black Duck Software, and Regus. In addition, two popular on-campus dining destinations, Pressed Café and Tuscan Kitchen, have extended their leases through 2037. These long-term commitments reinforce The District’s reputation as one of Greater Boston’s most dynamic business environments with state-of-the-art amenities.
This announcement underscores State Street’s strategic approach to workplace flexibility, providing its more than 8,000 employees with the ability to work across its offices in Boston, Burlington, and Quincy. This strategy supports a flexible, hybrid workforce, boosting collaboration and productivity while reducing daily commute times.
“Our vision for The District has always been to offer a next-generation workplace that combines high-performance office space with curated amenities and a vibrant, convenient location,” said Maura Moffatt, Director of Asset Management of National Development. “We’re proud that State Street is continuing to grow here, leveraging The District’s dynamic environment to support its evolving workforce and strategic workplace plan.”
Situated in the heart of Burlington’s 8 million square feet of Class A commercial space, The District offers 1.3 million square feet of premier workspace for industry-leading companies. Tenants enjoy access to an exceptional suite of amenities, including nearly 200 walkable restaurant and retail destinations, an on-site 170-key Marriott Residence Inn, complimentary parking and EV charging stations, a rooftop deck, a one-mile walking loop, a first-class fitness center and fresh produce through Green City Growers. Additionally, The District comes alive with a robust calendar of events designed to foster community and employee engagement.
With its striking design, abundant natural light, and prime visibility from Route 128—seen by over 225,000 commuters daily—The District stands out as a premier location for businesses focused on attracting top talent, fostering collaboration, and enhancing connectivity.
More information about The District and leasing opportunities is available at districtburlington.com.
About National Development
National Development is a vertically integrated real estate investment, development, asset and property management firm. Its mission is to turn projects into communities by working collaboratively as long-term partners, creating value for its investors and enhancing the neighborhoods in which it builds. For over 40 years, Newton, MA-based National Development has been one of the most active real estate investment and development firms in New England. The firm has developed and/or acquired over 35 million SF across a broad range of product types and invests on behalf of its series of fully discretionary funds. For more information, visit natdev.com.