Lashar and Leone of Richards Barry Joyce & Partners, LLC broker 203,662 s/f lease expansion
Richards Barry Joyce & Partners, LLC (RBJ&P)represented the landlord in a 203,662 s/f lease renewal and expansion with McKesson Medical-Surgical at 55 Lyman St.
The lease includes a 48,918 s/f expansion to McKesson's presence, bringing the building to full occupancy. Completed in 2005, 55 Lyman St. is a modern, high-bay distribution facility. The single-story warehouse totals 260,760 s/f of space.
"55 Lyman St. 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, RBJ&P. "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 St. McKesson Medical-Surgical was represented by Robert Gibson, executive VP/partner, CBRE/NE.
RBJ&P 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.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in