Richards Barry Joyce Brokers 100,000 SF Lease Renewal for TA Associates
- Apr 13, 2010
April 13, 2010
By Allison Landa, News Editor
Commercial real estate advisory firm Richards Barry Joyce & Partners LLC said Tuesday that it represented TA Associates Realty in a 100,884 square-foot lease renewal with Dynagraf, Inc. in Canton, Mass.
A provider of printing, collateral and marketing materials, Dynagraf occupies the entire warehouse building at 5 Dan Road. It serves as the firm’s headquarters along with housing the company’s high-tech printing operations.
“We are very pleased that Dynagraf has extended its lease,” Richards Barry Joyce partner John Lashar said while announcing the news. “The facility is an exceedingly good fit for their operations, due to both its central location for Greater Boston and Providence and for housing Dynagraf’s state-of-the-art printing equipment.”
Lashar, Jay Nugent, Paul Leone and Robert Byrne represented TA Associates in the transaction; Richard Barry Joyce is the exclusive leasing agent for the property. Dynagraf was represented by Cushman & Wakefield.
According to Richards Barry Joyce research, the Route 128 South submarket consists of 11.81 million square feet of warehouse space and was 15.5 percent vacant as of the end of first quarter. Earlier this month the Boston office of Lincoln Property Co. found that office vacancy in the Greater Boston area rose to 14.5 percent at the end of the first quarter, signifying negative growth for five consecutive quarters.