April 2019

Originally posted in the Boston Business Journal

Boston – Industrial software company PTC Inc. (Nasdaq: PTC) has officially moved from Needham to Boston’s Seaport District, celebrating the grand opening of its 250,000-square-foot headquarters at 121 Seaport Blvd. on April 25.

The office was designed by Margulies Perruzzi Architects and built out by Gilbane Building Co.

The office features museum-like exhibits showcasing PTC software in action, from its uses in Caterpillar heavy machinery to ESAB welding equipment and Celli Group taps serving up Downeast Cider beverages. At a customer experience center, customers can use a tablet loaded with PTC software to take a virtual tour of the Seaport District. Smaller touches including a conference table made from the remains of a shipwrecked schooner, discovered in 2016 amid the construction of 121 Seaport Blvd.

“121 Seaport’s design, amenities and location made the selection of our new global headquarters an easy one,” said PTC CEO Jim Heppelmann in a prepared statement when the company announced its move in September 2017. “We believe our choice sends a strong message to our more than 6,000 employees, our customers, and our partners that PTC will continue to be on the leading edge of technology and breakthroughs that will shape the way we all live and work.”

Cresa Boston negotiated an 18.5-year lease for PTC with previous building owner Skanska. Skanska sold the 17-story office for $455 million, or $1,137 per square foot in December 2018 to American Realty Advisors and Norges Bank Real Estate Management.

That sale was the second-highest per-square-foot sale price for a commercial building in Boston, behind Tishman Speyer’s $450 million, $1,208 per-square-foot sale of the Pier 4 office building, also located in Boston’s Seaport District.

For over thirty years, Margulies Perruzzi has been designed buildings and interiors that nurture and inspire. Over that entire time we have remained laser-focused on helping our clients increase productivity and creativity, attract and retain talent, and enhance mission engagement. On this anniversary of the founding of the firm, the Partners are delighted to announce the elevation of nine talented professionals to positions of Associate and Senior Associate. They are being recognized for their exemplary leadership, commitment, professional competence, values/character, and client service. New Associates include Sarah Farrell, Marnie Glover Kaplan, Caitlin Greenwood, Jenna Meyers, and Rui Ribeiro. New Senior Associates include Karen Estabrook, Joe Flynn, Kim Smith, and Jane Sullivan. These friends and colleagues will continue their dedication to our clients’ success, to stewardship of the planet’s resources, and to the well-being of our community at large. Please join us in congratulating these wonderful individuals who we know will further enhance Margulies Perruzzi’s innovative approach to the design of buildings and interiors across the country.