**State Street Renews and Expands Burlington Office Lease**
Financial services firm State Street has renewed and expanded its lease at The District Burlington, a premier office complex developed by National Development, located at 700 District Avenue in Burlington, Massachusetts. The new agreement includes the renewal of 147,000 square feet along with an additional 15,000 square feet, bringing the total leased space to 162,000 square feet. The lease has been extended through May 31, 2037.
This transaction is considered one of the largest office lease deals in Massachusetts for 2025, reflecting a continued trend of major firms consolidating or expanding within strategic suburban locations.
State Street joins several other companies that have recently shown long-term commitments to The District. Earlier this year, National Development reported lease renewals totaling over 130,000 square feet from existing tenants, including COMSOL, Black Duck Software, and Regus.
“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,” said Maura Moffatt, Director of Asset Management at National Development.
While no brokers were identified in connection with the lease transaction, leasing efforts at The District are currently led by Michael O’Leary of Cushman & Wakefield.
