WAYLAND, MA–R.W. Holmes, one of the largest commercial brokerage firms serving tenants and landlords in Massachusetts for more than 45 years, announced that it recently completed an 11,988-SF lease to Gentex at 320 Norwood Park South in Norwood, MA.
Last year, R. W. Holmes negotiated the purchase of 320 Norwood Park South to Brave Dog Properties, and currently serves as the exclusive leasing agent for the 40,000-square-foot 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’ Mr. 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 10,000 SF remaining of prime space that can accommodate office, medical, flex, or R&D users,” said Mr. 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-square-foot, 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.