Hilco Real Estate Secures Technology Equipment Rental Tenant

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BOSTON– Transwestern | RBJ announced that it represented Hilco Real Estate LLC in an 11,535-square-foot lease with SmartSource Rentals at 575 University Ave. in Norwood, Massachusetts. Senior Vice President Rob Byrne and Vice President Chris Mullen represented the owner of the single-story, 88,379-square-foot flex building.

575 University Ave-Norwood“This property’s location offers SmartSource easy access to major regional thoroughfare Route 128, as well as the Amtrak and MBTA Route 128 station, and it’s in close proximity to the amenity-rich University Station and Legacy Place developments,” said Byrne. “SmartSource is an industry leader in the computer and audio visual rental space and Hilco’s determination to prepare the space in an expedited timeframe reflects SmartSource’s desirability as a tenant.”

SmartSource Rentals, a provider of computer, audio visual and technology solutions for businesses and events, will be relocating from Southwest Park in Westwood. The company was represented in the lease by Peter Whoriskey of Newmark Grubb Knight Frank.

According to research by Transwestern | RBJ, the Route 128 South submarket consisted of 3.8 million square feet of flex space with 8.9 percent vacancy at the close of first-quarter 2016 (Transwestern | RBJ “indSTATus – Q1 2016”).

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