Home > Press Releases > Richards Barry Joyce & Partners Represents Landlord In 203,662 SF Lease

Richards Barry Joyce & Partners Represents Landlord In 203,662 SF Lease

McKesson Medical-Surgical Renews, Expands Lease In Northborough; Building At Full Occupancy

BOSTON – July 24, 2013 – Richards Barry Joyce & Partners, LLC (RBJ&P), a full-service commercial real estate advisory firm, announced today that it represented the landlord in a 203,662 square foot lease renewal and expansion with McKesson Medical-Surgical at 55 Lyman Street, Northborough, Mass.

The lease includes a 48,918 square foot expansion to McKesson’s presence, bringing the building to full occupancy.  Completed in 2005, 55 Lyman Street is a modern, high-bay distribution facility featuring state-of-the-art design and construction.  The single-story warehouse totals 260,760 square feet of space.

John Lashar, Partner

John Lashar, Partner

“55 Lyman Street offers a terrific location, right in the heart of the MetroWest region, with easy access to the area’s major roadways,” said John Lashar, partner, Richards Barry Joyce & Partners.  “We are pleased that McKesson Medical-Surgical opted to expand its location here.  It’s a testament to the building and ownership.”

Lashar and senior vice president Paul Leone represented the landlord in the transaction.  RBJ&P is the exclusive leasing agent for 55 Lyman Street.  McKesson Medical-Surgical was represented by Robert Gibson, executive vice president/partner, CBRE/New England.

About the Market – Route I-495 West Warehouse
According to research by RBJ&P, the Route I-495 West submarket consists of 6,232,000 square feet of warehouse space and was 15.0% vacant, as of the quarter ended June 30, 2013. (source: Richards Barry Joyce & Partners’ “indSTATus – Summer 2013”)

Paul Leone, Senior Vice President

Paul Leone, Senior Vice President

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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