Wilmington MA – TraceLink Inc., the leading digital network platform company for the life sciences industry, announced it has lease 70,000 sf of office space at 200 Ballardvale Street in Wilmington MA. TraceLink enables the global distribution of safe prescription medicines to protect patients from counterfeit drugs, and allows
pharmaceutical companies to track drugs throughout the supply chain. The lease represents one of the largest office leases in the Boston Suburban office market since the beginning of the pandemic.
The company said the new location will accommodate both its existing employees, and anticipated new hirings over the next 18 months. The tech firm will be relocating their U.S. corporate headquarters from its current location at 400 Riverpark Drive in North Reading to the four-story office building owned by Griffith Properties in the Ballardvale Park office park.
In a statement announcing the move, TraceLink President and CEO Shabbir Dahod said, “By adopting a hybrid working model, we can provide permanent, flexible work options for our employees, and are no longer bound by geographic barriers, providing the ability to unlock new talent and growth opportunities in virtually any part of the world.”
Debra Stevens and Amanda Snell, CCIM of The Stevens Group, provided real estate advisory services to Tracelink and negotiated the lease transaction on their behalf. Brian Tisbert, Chris Lawrence and Matt Daniels of JLL represented the landlord. Marci Griffith Loeber, Managing Principal of Griffith Properties and DRA Advisors, worked closely with all parties to facilitate the transaction.
TraceLink is the only business network creation platform for building integrated business ecosystems with multi-enterprise applications. Business networks are the foundation of a digitalization strategy that delivers customer-centric agility and resiliency of the end-to-end supply network leveraging the collective intelligence of an industry. TraceLink’s Opus Digital Network Platform enables speed of innovation and implementation with an open partner model for no-code and low-code development of solutions and applications.
About The Stevens Group
The Stevens Group, one of the only WBE Certified commercial real estate advisory firms located in Boston, MA, specializing in exclusively representing corporate clients in the leasing, acquisition and disposition of commercial real estate. The Stevens Group is the Boston affiliate of ITRA Global, an organization of real estate professionals specializing in representing tenants, buyers and entrepreneurial startups in the leasing, acquisition and disposition of office, industrial and retail facilities. With coverage in major markets around the world, ITRA Global is one of the largest organizations dedicated to representing tenants and occupiers of commercial real estate.