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333 Providence Hwy, Norwood...

Organogenesis Leases 43850 Square Feet At 333 Providence Hwy Norwood Represented By George O’Connor
LEASEDIndustrial

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

Philip Verre

Cushman & Wakefield

Broker

$15M

vol

6 deals

Broker

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