RBJ Brokers Four Leases In Westborough Totaling 276K SF

Firm Represents Landlord In Leases With Columbia Tech, Corporate Communications, Rand Whitney And WorkflowOne

BOSTON – May 15, 2013 – Richards Barry Joyce & Partners, LLC (RBJ&P), a full-service commercial real estate advisory firm, today announced that it brokered four leases totaling 276,932 square feet in Westborough, Mass.

John Lashar, Partner

The Richards Barry Joyce & Partners team of John Lashar, partner, and Paul Leone, senior vice president, represented the landlord in each of the transactions.  The leases were signed with Columbia Tech, Corporate Communications, Rand-Whitney and WorkflowOne.

“High-bay/flex buildings continue to drive the industrial market in the Greater Boston suburbs, and these buildings are no exceptions,” said John Lashar, partner, Richards Barry Joyce & Partners.  “Westborough has been one of the more active towns for industrial leases so far this year.”

Details of the leases include:

Paul Leone, Senior Vice President

Columbia Tech signed a new lease for 68,135 square feet of warehouse space at 27 Otis Street.  Columbia Tech, Coughlin Companies’ turnkey manufacturing solutions company, was represented by Kelleher & Sadowsky.  The company is a leading supplier of printed circuit board assembly, systems assembly, and electronics contract manufacturing services for the military, communications, industrial, and medical industries.

Also at 27 Otis Street, Corporate Communications signed a new lease for 19,087 square feet of warehouse space.  The event planning and trade show company was represented by CB Richard Ellis.

Rand-Whitney renewed a lease for 73,710 square feet of warehouse space at 10 Otis Street.  The manufacturer of high quality, corrugated paperboard leases the entire building.  Rand-Whitney was represented by Kelleher & Sadowsky.

WorkflowOne renewed its lease for 116,000 square feet of warehouse space at 1-5 Sassacus Drive.  WorkflowOne, the leading provider of managed print and promotional marketing materials in the U.S., was represented by Cresa Boston.

About the Market – I-495 West Warehouse
According to research by RBJ&P, the I-495 West submarket consists of 6,232,000 square feet of warehouse space and was 16.3% vacant, as of the quarter ended March 31, 2013. (source: Richards Barry Joyce & Partners’ “indSTATus – Spring 2013”)

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.