Area tech firm mov­ing to Sea­port.

Need­ham com­pany PTC is mov­ing into 121 Sea­port, mark­ing yet another win for the fast de­vel­op­ment in the area.

Metro USA (Boston) - - FRONT PAGE - KRISTIN TOUSSAINT @kristin­dakota

If you’ve walked around the Sea­port lately, you know that the area has been un­der­go­ing quite the trans­for­ma­tion, with new de­vel­op­ments beck­on­ing to high-pro­file com­pa­nies who want to make this quickly ris­ing neigh­bor­hood their new home.

A com­puter soft­ware com­pany orig­i­nally based in Need­ham is the lat­est to move into the area.

Tech com­pany PTC re­cently an­nounced that it will es­tab­lish its head­quar­ters at 121 Sea­port Blvd., the 17-story tower de­vel­oped by con­struc­tion group Skan­ska.

“The Sea­port rep­re­sents in­no­va­tion, cut­tingedge tech­nol­ogy, lead­er­ship and com­mu­nity, and 121 Sea­port’s de­sign re­flects this spirit,” said Charley Leather­bee, leader of Skan­ska’s Com­mer­cial De­vel­op­ment op­er­a­tions in Bos­ton. “PTC’s mov­ing their head­quar­ters to 121 Sea­port af­firms our vi­sion for the build­ing and the district.”

PTC will take over 250,000 square feet in the build­ing, oc­cu­py­ing twothirds of 121 Sea­port and mark­ing the largest lease to be signed in Bos­ton this year.

The com­pany will be on floors nine to 17 and will also be bring­ing 1,000 em­ploy­ees with them for the move, more than those fol­low­ing Gen­eral Elec­tric as their head­quar­ters re­lo­cate to Bos­ton. To Leather­bee, that’s another val­i­da­tion of the area.

“This lease con­firms the Sea­port District as a ma­jor busi­ness des­ti­na­tion and cen­ter for in­no­va­tion,” he said. “Pi­o­neer­ing com­pa­nies want to do busi­ness here.”

PTC is join­ing the ranks of com­pa­nies like GE, Ree­bok, Con­verse and Ama­zon, all of which have of­fices in the Sea­port. Since the area is also known as Bos­ton’s In­no­va­tion District, PTC is con­fi­dent that their com­pany will fit in.

Founded in 1985, PTC has pri­mar­ily fo­cused on soft­ware and now ex­cels in two ma­jor tech­nol­ogy trends, ac­cord­ing to the com­pany: the “in­ter­net of things,” which refers to smart de­vices and the con­nec­tiv­ity of ev­ery­thing em­bed­ded with elec­tron­ics, and aug­mented re­al­ity, the tech­nol­ogy be­hind im­mer­sive, com­puter-gen­er­ated ex­pe­ri­ences.

“There are few places in the world that can lay claim to as many firsts as Bos­ton,” said Jim Hep­pel­mann, PTC CEO, in a state­ment. “It is clear that this re­gion has the op­por­tu­nity to yet again be­come a bea­con of in­no­va­tion in tech­nolo­gies as dis­rup­tive as the in­ter­net of things and aug­mented re­al­ity. At PTC, we aim to be a cat­a­lyst to ex­tend Bos­ton’s global rep­u­ta­tion as a hub for tech­nol­ogy lead­er­ship.”

Skan­ska had been in talks with PTC about com­ing to 121 Sea­port for most of the sum­mer, Leather­bee said. Now that the deal is of­fi­cial, Leather­bee ex­pects more com­pa­nies to con­tinue mov­ing to the district.

“The Sea­port rep­re­sents in­no­va­tion, cut­tingedge tech­nol­ogy, lead­er­ship and com­mu­nity,” he said. “It’s a renowned busi­ness des­ti­na­tion that also of­fers em­ploy­ees an ideal live-work-play en­vi­ron­ment.”


121 Sea­port is a 17-story el­lip­ti­cal tower that ex­em­pli­fies the change in the Bos­ton neigh­bor­hood.


121 Sea­port, shown here in a ren­der­ing, em­bod­ies the de­vel­op­ments tak­ing place in Bos­ton’s Sea­port neigh­bor­hood.

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