RBJ Reps IDC and IDG In Two Leases Totaling 142,754 SF

Richards Barry Joyce & Partners, LLC (RBJ) brokered two leases for International Data Corporation (IDC) and International Data Group (IDG) totaling 142,754 square feet -127,303 square feet in Framingham, Mass. and 15,451 square feet in Boston.

RBJ brokered a lease renewal for IDC and IDG at 3 and 5 Speen Street in Framingham. The company leased all of 5 Speen Street and two floors of 3 Speen Street, for a total of 127,303 square feet of office space, making this one of Greater Boston's largest suburban leases in 2009. The buildings are located in the Point West Office Center. IDC is a subsidiary of IDG, the world's leading technology media, events, and research company.

John Lashar, Michael Joyce, Paul Leone, Richard Bradbury and Brian Cohen of RBJ represented the tenant in the lease negotiation. The landlord, Carruth Capital, LLC, was represented internally.

In Boston's Back Bay, RBJ brokered a lease renewal for IDG's corporate headquarters at One Exeter Plaza, located at 699 Boylston Street. The 15,451 square feet of office space are on the building's 15th floor and the penthouse. The building landlord, Boylston Properties, was represented by Jones Lang LaSalle.

"IDC and IDG are market leaders in IT media and research and RBJ is very pleased to have brokered these two headquarters leases," said John Lashar, partner, RBJ. "RBJ's Suburban and Downtown teams worked in conjunction with our Capital Markets Group and Consulting Services to ensure complete support of IDC and IDG during the transactions."

Office Market Statistics - Downtown Boston and I-495 West
According to research by RBJ, the Downtown Boston submarket consists of 67,184,000 square feet of office space and was 11.4% vacant, as of the quarter ended September 30, 2009. The I-495 West submarket consists of 17,242,000 square feet of office space and was 19.1% vacant, as of the quarter ended September 30, 2009. [source: Richards Barry Joyce & Partners' "officeSTATus - Fall 2009"]

IDC is a provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets.

International Data Group (IDG) is a technology media, events, and research company. Additional information about IDG, a privately held company, is available at http://www.idg.com.

Richards Barry Joyce & Partners is a full service commercial real estate firm that offers a full range of real estate advisory services including market analysis, capital markets solutions, financial analysis, corporate services, portfolio review, and consulting services. For more information, please visit www.rbjrealestate.com.