Technology Park

What Technology Park does

Technology Park is a 177-acre commercial real estate business park located in South Burlington, Vermont, operated by Technology Park Partners and managed by ReArch Properties (a division of parent company ReArch Company). The campus comprises multiple Class A and Class B buildings totaling well over 700,000 square feet, including 530 Community Drive (275,000+ SF), 725 Community Drive (72,000 SF LEED-certified, constructed 2007), 88 Technology Park Way (56,373 SF), 124 Technology Park Way (54,500 SF LEED Gold), plus dedicated facilities for FedEx Ground (144,000 SF distribution) and OnLogic (140,000 SF manufacturing). Core infrastructure includes redundant fiber optic lines with dark fiber option, an on-site electrical substation with redundant power supply, and energy-efficient MEP systems with 24-hour monitoring.

The business operates three primary revenue streams: (1) Class A commercial office leasing on a Triple Net (NNN) basis with disclosed pricing of $8-$16.50/SF plus CAM of $6.47-$9.15/SF; (2) build-to-suit construction services managed by ReArch Company for lease or sale; and (3) 24-hour property management services across all campus buildings. Tenants span enterprise customers including Ben & Jerry's (Unilever), JPMorgan Chase, University of Vermont, UVM Medical Center, Keurig Green Mountain, NBC5, OnLogic, and New England Federal Credit Union, alongside mid-market and service tenants (KidLogic Learning, Planet Fitness, Kestrel Coffee Roasters, Inntopia, Gallagher Flynn, Pathway Financial Advisors).

Go-to-market is direct-to-consumer through two named leasing agents (Michael Biama and Johnny Illick), supported by a property listings website, community events, and earned media. The park differentiates on LEED-certified construction, redundant fiber/power infrastructure, an iconic 'Whales Tails' granite sculpture (Smithsonian-documented, voted Best Roadside Attraction 2014), and a curated on-site amenity ecosystem including 24-hour fitness, childcare, cafe, catering, and on-site IT support. Geographic focus is Vermont with proximity to Burlington International Airport, I-89, University of Vermont, and regional Northeast business centers. The entity is privately held, family-associated (Illick family involvement), with no institutional or PE ownership disclosed.

Name

Technology Park

Legal name

Technology Park Partners

Website

https://technologyparkvt.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

1–10 employees

Short description

Technology Park is a privately held 177-acre commercial real estate business park in South Burlington, Vermont, leasing Class A and Class B office, manufacturing, and distribution space across 700,000+ SF to enterprise, mid-market, and service tenants including Ben & Jerry's, JPMorgan Chase, UVM, FedEx Ground, and OnLogic.

Ownership category

akta.pro rank

Headquarters

HQ city

South Burlington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Commercial Real Estate Leasing: Class A office space rented on a Triple Net (NNN) basis. Tenants pay base rent plus estimated CAM (Common Area Maintenance) which includes utilities except electricity. Multiple lease terms available depending on length of lease.
2. Build-to-Suit Services: Custom facility construction for lease or sale. ReArch Company provides on-site construction management to customize facilities to meet unique tenant needs.
3. Property Management: ReArch Properties provides 24-hour property management services including maintenance, operations, and administrative support for all campus buildings.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Technology Park leases Class A commercial office space and develops build-to-suit facilities across a 177-acre business campus in South Burlington, Vermont. The portfolio includes multiple LEED-certified buildings with on-site amenities (fitness center, full-service childcare, café/deli, conference space), dedicated dark fiber infrastructure, and 24/7 on-site management and security. Property management and tenant support services are provided in-house across the campus.

Product overview

Technology Park is a 177-acre commercial real estate business park offering Class A and Class B office space, build-to-suit properties, and industrial facilities for lease or sale. The portfolio includes multiple LEED-certified buildings at 530 Community Drive, 725 Community Drive, 88 Technology Park Way, and 124 Technology Park Way, plus specialized facilities like the FedEx Ground distribution center and OnLogic manufacturing plant. On-site amenities include fitness, childcare, catering, and coffee services. The park provides commercial-grade infrastructure including redundant fiber optics with dark fiber options for enterprise connectivity.

Differentiator

Problem solved

Functional benefit

Products and services

• Class A Office Space Leasing

Quantifiable outcome

• 54,000+ SF single-building purchase by New England Federal Credit Union
• +4 more outcomes

Named customers17 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• South Ridge Solar Park, LLCcoreStrategic or Co-development Partner · 27 September 2019Technology Park Partners signed agreement with South Ridge Solar Park, LLC to utilize clean renewable solar energy from a 500kw solar array in Middlebury, VT. The solar array started producing electricity on 9/27/19. Technology Park is offsetting the majority of their electricity usage at two buildings (124 Technology Park Way and 55 Community Drive) through a group net metering agreement.
• South End Arts and Business Association (SEABA)coreStrategic or Co-development Partner · 5 July 2018Technology Park partnered with SEABA to curate art in hallways of 30 Community Drive. Partnership enables local artists' work to be displayed throughout the building. Artwork rotates multiple times per year. Each piece displays artist's name and price for sale.
• ReArch CompanycoreImplementation/ SI/ Consulting PartnerReArch Company acts as the construction manager for Technology Park build-to-suit projects. They also spearhead the Grounds to Grow On K-Cup Pod Recovery Program, having diverted over 145 pounds of K-Cup pods from landfills. ReArch Company is the in-house construction management firm for the campus.
• SymquestcoreTechnology or IntegrationSymquest provides on-site IT support services at Technology Park. Located at 30 Community Drive. Enables tenants to access immediate technical support without leaving the campus.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Boston Properties (BXP): Largest publicly traded US office REIT, operating Class A office and life-science campuses in major gateway markets. Same core business model — owning and leasing premium office — but at vastly greater scale and geographic reach than a single Vermont campus.
• Vornado Realty Trust (VNO): Large office and high-street retail REIT heavily concentrated in NYC and DC trophy assets. Comparable business model (own and lease Class A office) but at vastly larger scale and limited regional overlap with Technology Park's Vermont campus.

Direct peers

• Kilroy Realty Corporation (KRC): West Coast office REIT known for sustainability leadership (LEED-certified portfolio) and tech-tenant concentration. Closely comparable on LEED positioning, fiber/telecom-forward buildings, and focus on tech and innovation tenants.
• Corporate Office Properties Trust (OFC): Office REIT with a defined portfolio strategy combining mission-critical government and corporate tenants. Comparable on long-tenor office leases to large-format enterprise and federal/government users — analogous to Technology Park's anchor enterprise roster.
• Cousins Properties (CUZ): Sunbelt-focused office REIT operating trophy-class office buildings with a development pipeline. Comparable on owning and leasing premium Class A office plus select build-to-suit projects for enterprise tenants.
• Brandywine Realty Trust (BDN): Office REIT operating Class A and life-science properties in Philadelphia, Austin, and other metros with build-to-suit and development capabilities. Mirrors Technology Park's mix of speculative and build-to-suit premium leasing.
• Piedmont Office Realty Trust: Public office REIT concentrated in Class A properties in major US Sunbelt and gateway markets. Comparable leasing, build-to-suit, and tenant amenity model, though at meaningfully larger and more diversified scale.
• Empire State Realty Trust (ESRT): Office REIT focused on Class A office space combined with an amenity-led tenant experience. Compares on premium Class A office leasing model and investment in tenant amenities/fiber infrastructure.
• Paramount Group (PGRE): Smaller public office REIT focused on Class A properties in gateway markets (NYC, SF, DC). Similar scale relationship to Technology Park — institutional office landlord with a curated, premium portfolio — though geographically concentrated in major metros.
• Highwoods Properties (HIW): Public office REIT focused on Class A properties, predominantly in the Sunbelt. Closely aligned operating model — owning, leasing, and developing premium office space for enterprise tenants — at a smaller scale more comparable to a regional park operator.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/technologyparkvt
• LinkedInlinkedin.com/company/technology-park-vermont

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Technology Park