Richards Barry Joyce & Partners, LLC (RBJ&P) brokered a 43,367 s/f lease renewal for Standard Electric Supply Co., Inc., at 14 Jewel Dr.
14 Jewel Dr. is Standard Electric's corporate headquarters. The company leases office and warehouse/distribution space on the building's first and second floors. Standard Electric is one of the largest electrical distributors in New England and one of the top 50 in the nation.
"Our headquarters in Wilmington is an excellent fit for Standard Electric," said Ross Army, D.C. operations manager, Standard Electric Supply Co., Inc. "This location also includes Standard Electric's distribution center, which helps us to maintain efficient operations and continue to offer our high level of customer service."
RBJ&P's Brian McKenzie, partner, and James Lipscomb, senior vice president, represented Standard Electric in the transaction. The building's landlord, Howland Development Company, was represented internally.