Home > Press Releases > RBJ Advises Keltron Corporation In New Corporate Headquarters Lease

RBJ Advises Keltron Corporation In New Corporate Headquarters Lease

November 4, 2011 Leave a comment Go to comments

Life Safety Event Management Systems Manufacturer Plans First Corporate Move In 50 Years

BOSTON – March 01, 2011 – Richards Barry Joyce & Partners, LLC (RBJ&P), a full-service commercial real estate advisory firm, announced today that it advised Keltron Corporation in a new lease for the company’s corporate headquarters at 101a First Avenue in Waltham, Mass.

Keltron, a manufacturer of life safety event management systems, leased 15,000 square feet of office and R&D space at 101a First Avenue.  The long-term lease is for space on the building’s first and second floors.  Keltron is moving from the Waltham Watch Factory (241 Crescent Street, Waltham), where it had been located for the past 50 years.

“Having been in the same location since our founding in 1961, contemplating a corporate move was new territory for us,” said David Wilbourn, CEO, Keltron Corporation.  “The assistance of the Richards Barry Joyce & Partners’ team was invaluable.  They took the time to understand our business needs, as well as the impact of the move on our company, and provided excellent counsel.”

Jon Varholak, Ron Friedman and Brian Cohen of RBJ&P represented Keltron Corporation in the transaction.  The building’s landlord, IRG Waltham Limited Partnership, was represented internally.

“After a comprehensive search, we determined that 101a First Avenue best met the needs of Keltron,” said Ron Friedman, senior vice president, RBJ&P.  “The building offers functional space and the flexibility to accommodate Keltron’s future growth.”

Office Market Statistics – Route 128 West
According to research by RBJ&P, the Route 128 West submarket consists of 22,229,000 square feet of office space and was 20.6% vacant, as of the quarter ended December 31, 2010.

About Keltron Corporation
Keltron Corporation is a leading provider of life safety event management solutions that enable organizations and companies to provide dependable, scalable, life safety event response. Our universally-compatible, UL listed solutions interface with more than 60 models of alarm panels and transmit signals using Ethernet, active network radio, distributed multiplex, digital dialer, direct wire, fiber and coded communications infrastructures. Keltron’s customers include United States Steel Corporation, Consolidated Edison, The Smithsonian Institution, Florida State University, University of Maryland, MD Anderson Cancer Center, US Army Fort Bragg and the City of Philadelphia.  For more information, please visit our website at www.keltroncorp.com.

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