Home > Press Releases > RBJ Brokers 25,068 SF Lease On Behalf Of CrossHarbor Capital Partners

RBJ Brokers 25,068 SF Lease On Behalf Of CrossHarbor Capital Partners

November 4, 2011 Leave a comment Go to comments

Casa Systems, Inc. Expands Corporate Headquarters at the Recently Renovated River Place At I-93 In Andover, Mass.

BOSTON – April 6, 2011 – Richards Barry Joyce & Partners, LLC (RBJ&P), a full-service commercial real estate advisory firm, announced today that it brokered a 25,068 square foot lease on behalf of CrossHarbor Capital Partners with Casa Systems, Inc. at River Place at I-93 (100 Old River Road, Andover, Mass.).

Casa Systems renewed its lease and expanded its footprint in the building by 8,982 square feet.  River Place at I-93 serves as the company’s corporate headquarters.  Casa Systems is a leader in next generation cable edge technology.

“CrossHarbor Capital Partners recently made significant upgrades to River Place at I-93, including modernizing the lobby, restrooms and other common areas, extending its position as one of the leading properties in the market,” said Brian McKenzie, partner, Richards Barry Joyce & Partners.  “Additionally, CrossHarbor Capital has a very good ability to understand the needs of its tenants and was able to meet Casa Systems’ expansion requirements.”

Brian McKenzie, John Wilson, and James Lipscomb of Richards Barry Joyce & Partners represented CrossHarbor Capital Partners in the lease.  Richards Barry Joyce & Partners is the exclusive leasing agent for River Place at I-93.  Casa Systems was represented by NAI Hunneman.

About River Place at I-93
River Place at I-93 is a 121,000 square foot building offering first class office and R&D space.  The building is located in the heart of I-495’s technology market.  Situated directly off I-93, the building offers unparalleled highway access and excellent highway visibility.

Recent renovations to the building include an updated three-story atrium lobby, improved landscaping, resurfaced parking lots, and upgrades to the loading docks and the HVAC system.  Nearby amenities include five hotels, numerous dining options, day care providers and fitness facilities.

Office Market Statistics – I-495 North
According to research by RBJ&P, the I-495 North submarket consists of 14,316,000 square feet of office space and was 21.2% vacant, as of the quarter ended March 31, 2011.

About CrossHarbor Capital Partners
Since its inception in 1993, CrossHarbor Capital Partners has been recognized as a leading manager of alternative investments. The company combines a disciplined, multi-asset investment strategy with highly experienced professionals to generate superior, risk-adjusted returns for the firm and its investors.  CrossHarbor Capital’s business model is performance based and its investment activities exclusively emphasize opportunistic transactions in the following sectors: real estate, distressed loans and private equity.  www.crossharborcapital.com

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