Home > Press Releases > RBJ Represents Campanelli In Sale Of 15 Liberty Way, Franklin, To KWL, Inc./Champagne Logistics

RBJ Represents Campanelli In Sale Of 15 Liberty Way, Franklin, To KWL, Inc./Champagne Logistics

International Shipping Company Purchases Industrial Building For $4.3 Million

BOSTON – May 30, 2013 – Richards Barry Joyce & Partners, LLC (RBJ&P), a full-service commercial real estate advisory firm, announced today that it brokered the sale of 15 Liberty Way in the Franklin Industrial Park (Franklin, Mass.) on behalf of Campanelli.

The 92,490 square foot industrial building was purchased by KWL, Inc./Champagne Logistics, an international shipping company.  The new location will serve as the company’s corporate headquarters and principal distribution facility.

15 Liberty Way was originally constructed by Campanelli Construction in 1996 for FedEx and featured custom crossdock and loading door capabilities, 120’ depth, high trailer and car parking ratio, highly secure site and heavy floor load.  The master-planned Franklin Industrial Park provides convenient trucking access to Interstate 495, I-95 and the Mass Pike.

“The building was designed specifically for FedEx in the mid-90s for rapid and efficient overnight distribution.  KWL’s business needs are a perfect fit to use the building in its current configuration,” said Robert DeMarco, Partner, Campanelli.  “The transaction was a ‘win/win’ for Buyer and Seller.”  DeMarco went on to say, “I credit RBJ for their thorough knowledge of this submarket.  Their recommendation to contemplate a sale to KWL on this leasing assignment was a great result for all parties.”

John Lashar, partner, and Chris Skeffington, senior vice president, of RBJ&P represented Campanelli.  RBJ&P’s Paul Leone represented KWL, Inc./Champagne Logistics.

Chris Skeffington, Senior Vice President

Chris Skeffington, Senior Vice President

About the Market – I-495 South Flex
According to research by RBJ&P, the I-495 South submarket consists of 3,388,000 square feet of flex space and was 7.3% vacant, as of the quarter ended March 31, 2013. (source: Richards Barry Joyce & Partners’ “indSTATus – Spring 2013”)

About Campanelli
Established in 1947, Campanelli is a full-service commercial real estate development, acquisition and construction company with extensive experience in the industrial, office, medical, warehouse/distribution and retail markets. To date, Campanelli has developed over 20 million square feet of commercial real estate property in New England and down the Eastern United States. The company’s signature capabilities include land development, design and build, redevelopment and value-added acquisitions.  It is Campanelli’s all-encompassing and quality services that have led to its successful track record as a highly-regarded developer; from site selection, feasibility analysis, local, state and federal permitting, to architectural and engineering design, building construction and facilities and property management.  For more information, please visit our new website at Campanelli.com.

About KWL, Inc.
KWL’s mission is to provide best in class transportation services that focus on exceeding our customers expectations each and every day. We partner with your company to tailor our organization around your individual requirements. The net result is premium quality, premium service and premium customer satisfaction.  www.kwlinc.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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