Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WESTBOROUGH, MA-UPS Logistics signed a lease for 33,840 sf at 203 Flanders Rd. The company will use the location for office and warehouse space. UPS Logistics signed a new lease for the space after having been a sub-tenant of the previous tenant in the building.

John Lashar and Jamey Lipscomb of Richards Barry Joyce & Partners represented property owner, Invesco Realty Advisors. Lashar, a partner at Richards Barry Joyce & Partners notes that the firm is seeing increasing demand for warehouse space throughout the market. Lease rates for warehouse space in the Greater Boston area is about $6 per sf.

The building is located near Route 495, the Massachusetts Turnpike and Routes 20 and 9. “The building at 203 Flanders Road is an excellent warehouse/office facility for UPS Logistics’ needs,” says David Bass, asset manager at Invesco Realty Advisors. “This transaction suited both parties well. UPS Logistics was able to remain at a facility that met their unique needs and Invesco was able to find a high-quality tenant for our property.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.