Home > Press Releases > SouthField Corporate Center Retains Richards Barry Joyce & Partners As Exclusive Leasing Agent

SouthField Corporate Center Retains Richards Barry Joyce & Partners As Exclusive Leasing Agent

Master-Planned Development Offers 1.7 Million SF Of Commercial Development, Fastest Permitting Process In The Commonwealth

BOSTON – April 17, 2012 – Richards Barry Joyce & Partners, LLC (RBJ&P), a full-service commercial real estate advisory firm, announced today that it has been hired by LNR Property LLC as the exclusive leasing agent for commercial real estate at SouthField Corporate Center in South Weymouth, Mass.

SouthField Corporate Center is part of Southfield, a master-planned, mixed-use development located on the grounds of the former South Weymouth Naval Air Station.  SouthField offers plentiful residential, retail, lifestyle, recreation and commercial space, situated on 1,400 acres of beautifully landscaped grounds.  Currently more than 500 homes and apartments are either occupied, under construction or in development.  Ultimately, over 2,800 homes of all types will be built within SouthField.

The SouthField development recently received a major boost with LNR closing on the final 830 acres of land and the further construction of the East-West Parkway, a four lane thoroughway that connects SouthField to Route 3, at the Route 228 interchange which has received $42.6 million in financing from Gov. Deval Patrick.  In addition to the Parkway, SouthField also has an MBTA Commuter Rail station on-site, helping to make it the state’s leading “smart growth” development.  With only two stops at peak commuting times to Boston’s South Station, the commute can be as little as 15-20 minutes.

“With the first phase of the Parkway nearing completion and the number of residents, purchased homes and leased apartments on the increase, our vision of SouthField is now being fully realized,” said Paul Hickey, Director of Development, LNR Property LLC.  “Having the commercial real estate side of the project moving forward is very exciting.  We anticipate SouthField appealing to larger organizations, though they could be from any number of industries.”

SouthField Corporate Center has up to 1.7 million square feet of capacity for office, biomedical research, and high-tech R&D uses.  More importantly, SouthField has some of the fastest permitting in the state.  As part of the state’s select group of municipal Growth Districts, the entire permitting and approvals process will be completed within 90 days.

“SouthField offers one of the best corporate campus opportunities in the Greater Boston area,” said Robert Byrne, senior vice president, Richards Barry Joyce & Partners.  “Given its proximity to Boston, beautiful setting and amenities, and streamlined permitting process, SouthField meets all the requirements of a corporate tenant.  Given our stream-lined form-based permitting process, our timeline to deliver new construction can at times compare with renovating or retrofitting an existing building.”

The Richards Barry Joyce & Partners team assigned to the project includes John Lashar, Jon Varholak, Robert Byrne and Chris Mullen.  More information on SouthField can be found at www.southfield.com.

About the Market – Route 128 South Office
According to research by RBJ&P, the Route 128 South submarket consists of 12,484,000 square feet of office space and was 19.5% vacant, as of the quarter ended March 31, 2012.

About LNR Property LLC
LNR Property LLC is a diversified, full service commercial real estate asset management, investment and property development company and the world’s leader in special servicing of commercial mortgages.  Headquartered in Miami Beach, LNR employs 600 people and maintains offices in 10 U.S. cities, as well as in London and Frankfurt.

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.  Follow us on Twitter at @RBJ_Partners.

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