News: Front Section
Posted: March 25, 2016
Minnerly and Osvold of NAI Hunneman complete 221,605 s/f in leasing at 625 University Ave., Norwood
625 University Avenue - Norwood, MANorwood, MA NAI Hunneman recently completed two transactions totaling 221,605 s/f at 625 University Ave.
PODS Enterprises leased Space A in its entirety totaling 122,692 s/f, expanding its space and relocating from its current facility at 675 Canton St. in Norwood.
ASD Lighting Corp., an innovative British manufacturer of lighting, leased all of Space B for 98,913 s/f. ASD Lighting is currently leasing 25,849 s/f at 120 Shawmut Rd. in Canton, and is adding the space at 625 University Ave. for its warehouse operations.
NAI Hunneman executive vice president Cathy Minnerly and vice president Ovar Osvold represented the landlord Hackman Capital Partners of Los Angeles and Calare Properties of Hudson, Mass. Ed Jarosz of Jones Lang LaSalle represented PODS, and Tony Coskren, also of Jones Lang LaSalle, represented ASD Lighting.
Cathy Minnerly, NAI Hunneman
Ovar Osvold, NAI Hunneman
“Both tenants were drawn to the building’s first-class and efficient space, along with its prime location directly off a major highway (I-95),” said Minnerly. “In a constrained market it’s becoming harder to find space of this quality, and there is still an additional 19,592 s/f available in an adjacent building at the property–a rare find with today’s market conditions.”
Located off I-95, 625 University Ave. is set in a popular commercial area adjacent to a wealth of area amenities including Westwood Station.
The property at 625 University Av. offers tailboard as well as drive-in loading, 21’ - 54’ clear heights, generous column spacing and excellent utilities. The property is owned by a joint venture formed by Hackman Capital Partners, Calare Properties and KBS Real Estate Investment Trust. The property was purchased in 2007 as part of an 11.36 million s/f portfolio. Hackman Capital Partners manages the property.
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