Home > Press Releases > RBJ represents landlord in 234,664 SF lease with Owens & Minor in Franklin, Mass.

RBJ represents landlord in 234,664 SF lease with Owens & Minor in Franklin, Mass.

October 24, 2013 Leave a comment Go to comments

Owens & Minor Expands Presence at 20 Freedom Way, Franklin, Mass.

Richards Barry Joyce & Partners Represents Landlord in 234,664 SF Lease

BOSTON – October 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 234,664 square foot lease renewal and expansion with Owens & Minor (NYSE: OMI) at 20 Freedom Way, Franklin, Mass.

The lease includes an expansion of approximately 87,000 square feet and makes Owens & Minor the sole occupant of the fully occupied, single-story warehouse. Owens & Minor, a leading national distributor of name-brand medical and surgical supplies and a Fortune 500 company, has shown steady growth in the location, expanding from its original presence of less than 50,000 square feet.

John Lashar, Partner

John Lashar, Partner

“The success of Owens & Minor can be seen in its exceptional growth at 20 Freedom Way, expanding its original footprint by almost five times,” said John Lashar, partner, Richards Barry Joyce & Partners. “The growth into the entire facility speaks to the high quality nature of the physical attributes of the building and the exceptional location.”

20 Freedom Way is a state-of-the-art, high bay warehouse/distribution building. Built in 2003, the building features 36’ high ceilings and ESFR sprinkler systems. Located in the Franklin Industrial Park, 20 Freedom Way is only minutes from Interstate 495. Area amenities include numerous restaurants, daycare, retail and several hotels.

Lashar and senior vice president Paul Leone represented the landlord in the transaction. RBJ&P is the exclusive leasing agent for 20 Freedom Way. Owens & Minor was represented by Jackson & Cooksey.

Paul Leone, Senior Vice President

Paul Leone, Senior Vice President

About the Market – Route I-495 South Warehouse
According to research by RBJ&P, the Route I-495 South submarket consists of 7,307,000 square feet of high-bay warehouse space, which was 12.8 percent vacant, as of the quarter ended September 30, 2013. (Source: Richards Barry Joyce & Partners’ “indSTATus – Fall 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.

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Editor’s Note: On September 9, 2013, Houston-based Transwestern announced the acquisition of Richards Barry Joyce & Partners. Richards Barry Joyce & Partners will begin operating as Transwestern | RBJ on November 1, 2013.

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