VinCo Picks Up 35,000-SF Tenant

WILMINGTON, MA-A flexible commercial property in this suburban community north of Boston has an agile new tenant in GymStreet USA. The athletic training facility has taken nearly 35,000 sf at 1 Jewel Dr., a 200,000-sf building owned by VinCo Properties.

GymStreet touts itself as an operation focused on “fun, health and fitness,” offering strength and stamina training classes for both children and adults. Programs at the facility will be structured to accommodate the hectic new millennium lifestyle thrust upon many families, according to company officials. The tenant was represented by the Stubblebine Co., with the assignment handled by David Stubblebine and Ellen Garthoff.

Boston-based VinCo has retained Richards Barry Joyce & Partners as exclusive leasing agent for 1 Jewel Dr., a 200,000-sf building that the firm acquired in August 2006 for $4.8 million. The firm has since set about repositioning the property, which offers a mix of flex, manufacturing and office space. The two-story building is situated between two key state roads, Routes 38 and 129, and also is close by Routes 128 and Interstate 93. The location has led to substantial flex, industrial and office development in recent years.

In the GymStreet USA agreement, James Lipscomb of RBJ handled negotiations on behalf of VinCo. The building’s leasing team also includes RBJ principals Brian McKenzie and John Wilson. Founded by Vince O’Neill, VinCo Properties owns several commercial properties in suburban Boston, including 78 Dragon Ct. in Woburn, a 75,000-sf building located a few miles east of 1 Jewel Dr.