Organogenesis Leases 43850 Square Feet At 333 Providence Hwy Norwood Represented By George O’Connor
333 Providence Hwy, Norwood, MA, 0...
Building Size
43,850 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property involved in the transaction is located at 333 Providence Highway, Norwood, MA. This single-story building offers a total of 86,450 square feet of office, lab, and flex space, with 43,850 square feet specifically leased to Organogenesis for lab and manufacturing purposes. The property is situated within the Norwood market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 333 Providence Hwy, Norwood, MA
- Market: Norwood
- Landlord: The Davis Companies
- Tenant: Organogenesis
- Landlord's Representative: George O’Connor
- Tenant's Representative: Landmark Real Estate Advisors
- Square Feet: 43,850
Rob Byrne, Paul Leone, Ryan Romano, George O’Connor, and Philip Verre of Cushman & Wakefield were involved in representing the landlord, The Davis Companies, during the lease negotiations. Landmark Real Estate Advisors acted on behalf of the tenant, Organogenesis.
Players
Norwood Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93