IKEA, the Swedish-based home furnishings retailer, has signed a new 101,065-square-foot lease at the Stoughton Industrial Park for a warehouse/distribution facility.
The 332,676-square-foot building at 100 Technology Center Drive is owned by a joint venture of ASB Real Estate Investments and Lincoln Property Co.
Richards Barry Joyce & Partners LLC’s John Lashar, Robert Byrne and Paul Leone represented building ownership in the transaction.
"Stoughton Industrial Park is a great location for IKEA, given the building’s close proximity to IKEA’s retail store," Byrne, vice president, Richards Barry Joyce & Partners, said in a statement. "The facility offers the highway access, modern building systems and nearby amenities that are most sought after by companies vying for regional distribution in Greater Boston."
Stoughton Industrial Center was formerly utilized as a major distribution center by Reebok, which still has a retail presence on site.
IKEA was represented in the transaction by Cushman & Wakefield.