Master Plan for 1.2 Mil-SF Hood Business Park Updated

CHARLESTOWN, MA-Nordic Properties presented an update on the master plan for the development of Hood Business Park here just outside the city’s Central Square. The 1.2 million-sf business complex is located on a 19-acre urban campus on Route 93 and is being marketed by Spaulding & Slye Colliers.

The master plan involves six office, research and development and telecommunications buildings along with 1,600 parking spaces. Three of the office buildings are new with two of them at 220,000 sf and six stories each and one at 100,000 sf and four stories. According to a released statement, construction on the powerhouse, a 34,000-sf renovation, will be completed in February and the company is moving forward on the 55,000-sf renovation of the cooler building. Nordic Properties also anticipates receiving a building permit for 480 Rutherford Ave., a 106,000-sf renovation and expansion, in time to begin construction this January.