News: Front Section

R.W. Holmes leases 11,988 s/f at 320 Norwood Park South

Norwood, MA R.W. Holmes completed a 11,988 s/f lease to Gentex at 320 Norwood Park South.

Last year, R.W. Holmes negotiated the purchase of 320 Norwood Park South to Brave Dog Properties, and serves as the exclusive leasing agent for the 40,000 s/f flex building.

“Since purchasing the premier property last April, Brave Dog Properties has invested heavily to improve the property, upgrading common areas, restrooms, and adding a fitness center,” said R.W. Holmes managing director Dean Blackey. “The new lease to Gentex brings the building’s occupancy to 75 percent.”

Gentex is a global technology company and long-time supplier of electro-optical products for the global automotive, aerospace, and fire protection industries.

R.W. Holmes’ Blackey, corporate services director Elizabeth Holmes, and associate broker Mike Fahy represented Brave Dog Properties in the transaction. Amanda Snell of The Stevens Group represented Gentex.

“We have space that can accommodate office, medical, flex, or R&D users,” said Blackey. “The addition of a communal freight elevator to the building makes this a great opportunity for a variety of tenants with light manufacturing, R&D, or storage needs.”

320 Norwood Park South is a 40,000 s/f, two-story building. The first floor has been leased to a growing life science company, Medminder. With major improvements under the new owner, including lobby renovation, exterior improvements, and common area amenity upgrades, the property has become a Class A option in the 128 South Market.

MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.