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 negotiated the purchase of a 40,000-square-foot building in Norwood, MA.
The two-story building, located at 320 Norwood Park South, was purchased by Brave Dog Properties, LLC, for $5.3 million. The seller was 320 Enterprises, LLC.
Brave Dog Properties also retained R. W. Holmes as leasing agent for the property. The building has 20,000 square feet of space available for lease in a strategic location near Interstate Highway 95 and Route 1.
R. W. Holmes Managing Director Dean Blackey, Corporate Services Director Elizabeth Holmes, and Associate Broker Mike Fahy represented the buyer in the transaction. The seller was represented by Newmark Senior Managing Director Taryn Wilson.
320 Norwood Park South is a 40,000-square-foot, two-story building. The first floor was recently leased to a growing life science company, Medminder.
“320 Norwood Park will be undergoing major improvements under the new owner, including lobby renovation, exterior improvements, and common area amenity upgrades to become a Class A option in the 128 South market,” said Dean Blackey at R. W. Holmes. “We’re excited to be retained as the leasing agent for the remaining 20,000 square feet. The building is extremely flexible and can be used for R&D, lab, office, or medical.”