Insulet Expands With 54,000-SF Lease

BEDFORD, MA-Insulet Corp. signed a five-year, 53,500-sf lease that will ensure that the company, which develops medical devices, will remain in the state. The transaction is a mix of sublease and direct space for a facility to be located at 9 Oak Park. Insulet initially subleased the building from Corning Inc. for 19 months and then will directly lease the building for 41 months from building owner William J. Callahan.

Michael Dalton, senior vice president, Tom Kent, vice president, and Brian Hines, principal of Trammell Crow Co. represented Insulet in both the sublease and the direct lease. Corning was represented by John Wilson, partner, and Brian Connolly, associate, of Richards Barry Joyce & Partners. David L. Pergola, executive vice president, David J. Pergola, Jr., vice president, and Matt Adams, assistant vice president of Meredith & Grew represented Callahan.

Kevin Schmid, vice president of manufacturing for Insulet, says the location and layout of the building attracted his company to this facility. “This property facilitates a seamless expansion of our manufacturing and distribution capabilities.”