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.


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.


“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.”


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.


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.