Located in the suburbs of Norwood, 625 University Avenue is only 15 miles south of downtown Boston. The Property consists of an industrial/office facility with two joined, and one separated single-story buildings totaling approximately 459,455 square feet. 625 University Avenue has the added benefit of being just one mile from State Highway 128, which connects Interstates 90 and 93/95.

The Property is currently 100% leased to strong tenants such as Reebok and Home Depot (S&P credit rated A+). Since 2000, ownership has spent approximately $2 million on for tenant space renovations, ADA modifications and other general improvements.

Our investors acquired a master leasehold interest which runs through 2023 and includes eight 5-year extension options, with the right to purchase the land at fair market value in 2063. Overall vacancy in the Westwood area has been tightening due the decrease in supply caused by demolition of existing buildings, making way for an adjacent, 2 million square foot, $128 million mixed-use development.