News: Owners Developers & Managers

McKenzie and Byrne of RBJ neg. 32,978 s/f lease for CrossHarbor

Richards Barry Joyce & Partners, LLC (RBJ)has brokered a new 32,978 s/f lease on behalf of CrossHarbor Capital Partners LLC. The lease with Fishman Transducers, Inc. brings 6 Riverside Dr. to full occupancy.   Fishman Transducers will occupy office and R&D space on the first floor of the two-story building.  Located in the Andover Research Park, 6 Riverside Dr. consists of 77,000 s/f of R&D and office space. The building will become Fishman's new corporate headquarters, with the company relocating from its current site in Wilmington, Mass. "We are pleased to have leased 6 Riverside to full occupancy," said Brian McKenzie, partner, RBJ. "The building is one of the top R&D facilities in the market, which explains why it attracted an excellent tenant such as Fishman Transducers." McKenzie and Robert Byrne of RBJ represented CrossHarbor Capital Partners in the lease.  RBJ is the exclusive leasing agent for 6 Riverside Dr.  Fishman Transducers was represented by Matthew Daniels and Christopher Lawrence of Colliers Meredith & Grew.   According to research by RBJ, the I-495 North submarket consists of 14,080,000 square feet of office space and was 26.5% vacant, as of the quarter ended June 30, 2008.  [source: Richards Barry Joyce & Partners' "officeSTATus -Summer 2008"]     About CrossHarbor Capital Partners LLC Since its inception in 1993, CrossHarbor Capital Partners LLC has been recognized as a leading manager of alternative investments. We combine a disciplined, multi-asset investment strategy with highly experienced professionals to generate superior, risk-adjusted returns for our firm and its investors.  Our business model is performance based and our investment activities exclusively emphasize opportunistic transactions in the following sectors: real estate, distressed loans and private equity. www.crossharborcapital.com   About Richards Barry Joyce & Partners, LLC Richards Barry Joyce & Partners 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. Richards Barry Joyce & Partners' unique platform offers a full range of real estate advisory services including market analysis, investment sales, financial analysis, corporate services, portfolio review, and consulting services.  For more information, please visit our website at www.rbjrealestate.com
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