FRANKLIN, MA—Tech firm EMC Corp. has signed amajor industrial lease renewal here. The Hopkinton,MA-headquartered company inked a renewal for the entire192,000-square-foot building at 109 ConstitutionBlvd.

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The deal was announced by brokerage firm Transwestern |RBJ. EMC was represented in the transaction byJack Burns and David Ross ofCresa Boston. Transwestern | RBJ PartnersJohn Lashar and Paul Leone, alongwith Leasing Associate Danielle DeMarco,represented the building ownership, TIAA-CREF,which also owns the adjacent 111 Constitution Blvd. property.

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“The warehouse market has fared very well the past few years andmost of the activity has been driven by newer, high-bay buildingssuch as 109 and 111 Constitution Blvd.,” says Lashar. “The centrallocation of Franklin Industrial Park is also a major factor in thebuildings' success in the market. We are pleased to retain anexcellent tenant like EMC.”

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The towns of Franklin and Mansfield have 6.2 million square feetof warehouse space and boasted a vacancy rate of just 5.6% at theend of second-quarter 2014, according to statistics provided byTranswestern | RBJ. The Route I-495 South submarket consists of17.3 million square feet of warehouse space, 13.7% of which wasvacant at that time.

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Built in 2000, 109 and 111 Constitution Blvd. total 192,000square feet each and are both fully occupied. The high-baywarehouse buildings feature state-of-the-art design andconstruction and offer 30-foot clear heights, ESFR sprinklersystems and excellent loading capabilities. The buildings werenamed by the EPA as 2011 ENERGY STAR Sustained Excellence awardwinners.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.