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August 25, 2009 -
Front Section
Richards Barry Joyce & Partners, LLC (RBJ), a full-service commercial real estate advisory firm, brokered a long-term, 61,500 s/f lease renewal for Kopin Corp. at 200 John Hancock Rd.
The building, located in the Myles Standish Industrial Park, serves as Kopin's corporate headquarters and manufacturing facility for its III-V and military display products. The company occupies the entire building, which is comprised of flex space. The lease is for a ten-year term.
John Lashar, partner, Paul Leone, senior vice president and Caleb Hudak, assistant vice president, at RBJ, represented Kopin in the lease. The building's landlord, Bridgewater Wyman, LLC, was represented internally.
"We are pleased to have reached an agreement to maintain our corporate headquarters at 200 John Hancock Rd. in the Myles Standish Business Park," said Richard Sneider, chief financial officer, Kopin Corp. "The facility offers a central location which is easily accessible for our Mass. and R.I. employees and, because of its close proximity to both Logan and T.F. Green airports, supports our customers' requirements."
I-495 South Statistics - Flex Market
According to research by RBJ, the I-495 South submarket consists of 3.161 million s/f of flex space and was 8% vacant, as of the quarter ended June 30th. [source: Richards Barry Joyce & Partners' "flexSTATus - Summer 2009"]
Kopin Corporation produces lightweight, power-efficient, ultra-small liquid crystal displays and III-V products, including heterojunction bipolar transistors (HBTs), that are revolutionizing the way people around the world see, hear and communicate. Kopin has shipped more than 30 million displays for a range of consumer and military applications including digital cameras, personal video eyewear, camcorders, thermal weapon sights and night vision systems. The Company's HBTs, which help to enhance battery life, talk time and signal clarity, have been integrated into billions of wireless handsets as well as into WiFi, VoIP and high-speed Internet data transmission systems. Kopin's proprietary display and III-V technologies are protected by more than 200 global patents and patents pending.
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.