Home > Press Releases > RBJ Brokers $7.7 Million Sale Of One Technology Drive, Westborough, Mass.

RBJ Brokers $7.7 Million Sale Of One Technology Drive, Westborough, Mass.

November 28, 2012 Leave a comment Go to comments

Firm Represents Conroy Development Corporation In Sale Of 61,000 SF Building To eClinicalWorks

BOSTON – November 28, 2012 – Richards Barry Joyce & Partners, LLC (RBJ&P), a full-service commercial real estate advisory firm, announced today that it brokered the sale of One Technology Drive (Westborough, Mass.), acting as the exclusive sales agent on behalf of Conroy Development Corporation.

The 61,000 square foot office building was purchased by eClinicalWorks, a market leader in ambulatory clinical systems, for $7.7 million.  The three-story building will expand eClinicalWorks’ corporate headquarters within the Westborough Technology Park.  The company already occupies 2 Technology Drive.

“One Technology Drive in the Westborough Technology Park is situated in one of the premier office locations along the I-495 corridor,” said John Lashar, partner, Richards Barry Joyce & Partners.  “The timing was right for Conroy Development to sell the building.  It is an excellent purchase for eClinicalWorks, which has its headquarters across the street.”

One Technology Drive, Westborough, Mass.

Conroy Development Corporation was represented by John Lashar, Chris Skeffington, Paul Leone and Samantha Hallowell of Richards Barry Joyce & Partners.

About the Market – I-495 West Office Market
According to research by RBJ&P, the I-495 West submarket consists of 15,918,000 square feet of office space and was 18.0% vacant, as of the quarter ended September 30, 2012. (source: Richards Barry Joyce & Partners’ “officeSTATus – Fall 2012”)

About Conroy Development Corporation
Conroy Development is a full-service commercial real estate development and investment company specializing in office and industrial properties.  More information can be found at www.conroydev.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. Follow us on Twitter at @RBJ_Partners.

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