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Hilco Redevelopment Companions Welcomes First Electronics Company as its First Tenant in Braintree

Braintree, MA – Hilco Redevelopment Companions (HRP) introduced that 400 Wooden Highway, a 157,000 sq. foot Class-A GMP/superior manufacturing facility in Braintree, MA, has welcomed The First Electronics Company (FEC) as its first tenant in occupancy, an organization specializing in customized electrical assemblies for harsh environments.

To rejoice FEC’s occupancy and the ensuing funding and job creation, HRP and FEC management and workers have been joined by Braintree Mayor Erin Joyce for a ribbon reducing ceremony on the facility on Could 28.

“On behalf of the City of Braintree, I’m happy to welcome First Electronics Company and their workers to work life in Braintree,” Mayor Erin Joyce stated in her opening remarks. “We attribute the profitable institution of so many manufacturing engineering companies to our location, workforce entry, high quality utility companies … we hope over the subsequent few years extra companies and facilities populate this underutilized hall of Wooden Highway to offer much more alternatives for employees to get pleasure from their time in your campus right here.”

HRP acquired 400 Wooden Highway in August 2019 and has since overseen vital redevelopment of the property, remodeling the house right into a best-in-class GMP/superior manufacturing facility. All through the redevelopment course of, the City of Braintree has supported HRP’s supply of a reimagined business house and hub of financial exercise. FEC’s facility will create over 200 everlasting jobs in Braintree.

“HRP is worked up to welcome FEC as our latest tenant at 400 Wooden Highway,” stated HRP Chief Funding Officer Andrew Chused. “We undertook the redevelopment of this web site with the hope of attracting industry-leading tenants like FEC to Braintree, and we stay up for their continued success at Wooden Highway for years to come back.”

“Our transfer to 400 Wooden Highway in Braintree was a vital subsequent step for our enterprise to develop and prosper,” acknowledged Will Donnellan, President of FEC. “It’s the flagship trendy facility we would have liked to achieve success, supporting the aerospace and protection markets. HRP has been wonderful to work with because the developer of the property. We couldn’t be happier with the completed product.”

400 Wooden Highway is sited on over 14 acres of land, providing large visibility alongside I-93 in Braintree with a visitors rely of over 237,000 automobiles per day. Many accommodations, eating places, and comfort retail institutions are adjoining, with the favored South Shore Plaza positioned roughly two miles from the property.

FEC’s lease brings 400 Wooden Highway to full occupancy, with the second tenant, Integra LifeSciences, at present constructing out its 100,000 sq. toes.

The submit Hilco Redevelopment Partners Welcomes First Electronics Corporation as its First Tenant in Braintree appeared first on Boston Real Estate Times.