Principal Garry Holmes tells GlobeSt.com that the decision was made after failing to find the right alternative in the company's long-time domain. RWH scrambled to find new quarters after a tenant in the company's property on Route 9 needed more space, Holmes explains, adding he also wanted to consolidate his own operations onto one floor from two. That was easier said than done, he says.
"It's amazing when you go out in this market and see how tight things really are," says Holmes, whose firm is partly to blame after having helped firms such as Boston Scientific and Mathworks gobble up hundreds of thousands of square feet this decade. Part of the MetroWest office submarket, Framingham and Natick have been consistently strong performers since the early 1990s, luring in a diverse tenant base that includes life sciences companies, technology firms and business giants such as Bose Corp., Staples and TJX Cos. Also covering Sudbury and Wayland, the 4.5-million-sf submarket ended the first quarter with a vacancy of 9.6%, according to Cushman & Wakefield statistics, giving it the lowest rate among the seven markets tracked by C&W and the only one in single digits. The figure was also well below the 15.2% average suburban vacancy.
RWH's solution to the constricted market was Wayland Woods, a 32-year-old building recently renovated by the current owner, Group Wayland LLC, which employed Holmes and RWH colleague Craig Johnston as leasing agents. The relocation brings Wayland Woods to full occupancy. The firm is also property manager for the building, whose address is 321 Commonwealth Rd.
The departure from Natick evoked a bit of nostalgia, says Holmes, whose father Robert W. Holmes began operations in the community back in 1976. The firm had been at 1085 Worcester St. for 20 years. Garry Holmes joined the company in 1986 and has since been active throughout the MetroWest working on a variety of leasing and investment sales. Among other assignments still being handled in Natick, the veteran broker is currently helping Mathworks expand its complex on Apple Hill. Besides Johnston, other members of RWH's executive team are John Eyesenbach, Robert Strelke and Bill Sullivan.
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