Home > Press Releases > ASB Real Estate Investments Retains RBJ for Brokerage Services for Stoughton Industrial Center

ASB Real Estate Investments Retains RBJ for Brokerage Services for Stoughton Industrial Center

February 29, 2012 Leave a comment Go to comments

ASB Real Estate Investments Retains Richards Barry Joyce & Partners For Brokerage Services

Firm To Market Stoughton Industrial Center, A First-Class Warehouse At 1000 Technology Center Drive In Stoughton, Mass.

BOSTON – February 29, 2012 – Richards Barry Joyce & Partners, LLC (RBJ&P), a full-service commercial real estate advisory firm, announced today that it has been hired by ASB Real Estate Investments to provide brokerage services for the Stoughton Industrial Center, located at 1000 Technology Center Drive in Stoughton, Mass.

The Stoughton Industrial Center is a 332,676 square foot warehouse/distribution building situated within the amenity-rich Stoughton Technology Park.  The building was most recently utilized as a major distribution center by Reebok, which still has a retail presence on site.  The property is owned by the ASB Allegiance Real Estate Fund, which purchased the asset all cash and has no debt encumbering the property.

Located off Exit 20 on Route 24, just south of the Route 24/I-93 interchange, the building is a premier location for regional distribution in the Greater Boston area.  1000 Technology Center Drive features 34’ clear heights, generous 24.5’ x 44.5’ column spacing, 42 loading docks and 474 parking spaces.  Nearby amenities include restaurants, numerous hotels with conference facilities, day care and other business services.

“The Stoughton Industrial Center has the physical attributes – clear height, column spacing and plentiful loading docks – that squarely place it in the top-tier of the inventory, particularly in a market that tends towards older properties with lower clear heights,” said Robert Byrne, Vice President with Richards Barry Joyce & Partners.  “The building will appeal to users from a wide variety of industries seeking well located, first-class warehouse space.”

“ASB Real Estate Investments is pleased to welcome John Lashar and his colleagues at RBJ to the team for Stoughton Industrial Center,” said Mandi Wedin, Vice President with ASB Real Estate Investments, a division of ASB Capital Management. “ASB works with many great teams across the greater Boston area and we look forward to continued success in Boston with RBJ.”

The Richards Barry Joyce & Partners’ team assigned to the Stoughton Industrial Center project includes John Lashar, Robert Byrne, Paul Leone and Samantha Hallowell.

About the Market – Route 128 South Warehouse

According to research by RBJ&P, the Route 128 South submarket consists of 11,692,000 square feet of warehouse space and was 17.4% vacant, as of the quarter ended December 31, 2011.

About ASB Real Estate Investments

ASB Real Estate Investments is one of the leading real estate investment management firms in the United States, with $3.1 billion in core assets comprised of 203 properties totaling over 17 million square feet in 26 markets throughout the U.S.  For more information, please visit www.asbrealestate.com.

About Richards Barry Joyce & Partners, LLC

Richards Barry Joyce & Partners is a full service commercial real estate firm providing creative solutions for its client partners. The company’s focused team approach offers clients a competitive advantage in solving their local, national, and international real estate challenges. Richards Barry Joyce & Partners’ unique platform offers a full range of real estate advisory services including market analysis, capital markets solutions, financial analysis, corporate services, portfolio review, and consulting services.  For more information, please visit our website at www.rbjrealestate.com.

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