Nano-C has committed to a major expansion of its operations in Norwood, MA, with a new lease arranged by Colliers at 79-85 Astor Ave. The nanotechnology company signed for 37,262 square feet in the manufacturing and flex property, significantly increasing its operational footprint at the location. The deal was structured within a multi-tenant industrial environment that has recently undergone targeted upgrades following its acquisition by Kadima Industrial Partners and DRA Advisors.
Colliers served as the intermediary on both sides of the transaction, representing the landlord and the tenant. The landlord was represented by Colliers executives EVP Ovar Osvold and VP Sean Hannigan, while Nano-C was represented by EVPs Kevin Brawley and Steve Woelfel and VP John Real. Their combined efforts advanced the leasing strategy at the property and aligned the building’s upgraded space with the tenant’s specialized operational needs.
The new space will support Nano-C’s continued growth as a developer and manufacturer of electronic materials and specialty chemicals. The company supplies products used across several technology-intensive sectors, including solar, semiconductors and energy storage. With this transaction, Nano-C more than doubled its footprint, positioning the firm to scale production capacity and expand its reach within those end markets.
Ownership of 79-85 Astor Ave. has recently executed a focused capital improvement plan designed to enhance the building’s functionality and appeal to industrial users. After acquiring the 60,204-square-foot property, Kadima Industrial Partners and DRA Advisors invested in a new roof, refreshed exterior paint and upgraded LED lighting. These improvements were aimed at repositioning the asset as adaptable manufacturing and flex space suitable for a range of users.
Colliers’ landlord team actively marketed the building following the completion of these upgrades, targeting occupiers looking for flexible manufacturing and industrial space in the Norwood area. According to the parties involved, this approach enabled the ownership group to execute its business plan for the asset within six months of acquisition. The Nano-C lease represents a key milestone in that strategy and underscores demand for modernized, flexible production space in this submarket.
The transaction highlights how focused capital improvements and coordinated leasing efforts can accelerate absorption in upgraded industrial assets. For Nano-C, the new lease provides expanded space to support its growth in advanced materials, while for the landlord partnership it validates the repositioning effort at 79-85 Astor Ave. and advances the overall stabilization of the building.
