Needham's Gain is Dedham's Gain Too
Activity in one market sparks action in another. General Dynamics Mission Systems’ recent $54M sale of land in Needham to Normandy meant the company needed to find new space and move. Yesterday, The Davis Co announced that it was the fortunate beneficiary. General Dynamics leased 131k SF at 100 Rustcraft Rd in nearby Dedham. TDC purchased the building in 2012, when it suffered from deferred maintenance and a 45% vacancy, TDC CEO Jon Davis tells us. He’s investing in a major overhaul and says the building has its charms: a convenient location near new multifamily, office and retail projects; a commuter rail station; highways; and most alluring, it had a big block of light industrial/office space inside Rt 128. The building is now 91% occupied.
