WILMINGTON, MA-Vestcom New England, a subsidiary of Vestcom International, is leasing 49,500 sf at 5 Cornell Place. The deal, one of the largest in the northern suburbs in 2003, represents a relocation of the company’s regional facility from 12 Gill St. in Woburn.

Vestcom was represented by Mark Mulvey and Michael Dalton of Trammell Crow Co., while property owner Archon Atlantic International was represented by Bill Baker and Torin Taylor of Cushman & Wakefield. Lease rates for this deal were not available, but the average asking rent for similar space is about $22 per sf.

The company, which produces and distributes time-sensitive documents, will develop a new facility at this location. Vestcom says the transaction afforded them the opportunity to “completely restructure the way they do business and cut real estate costs.” According to Jay Adams, CFO of Vestcom New England, “This new facility will provide Vestcom the tools to scale our business and capture more opportunity for the next seven years.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.