121 Seaport Square Update 09/07/17

IoT technology provider PTC opening 250,000-square-foot global headquarters at 121 Seaport


Global Internet of Things (IoT) technology provider PTC, currently based in Needham, MA off of Route 128, will open a new 250,000-square-foot global headquarters across the top half of the new 17-story 121 Seaport elliptical tower in the Seaport District. PTC has leased the space for 18.5 years and will take occupancy in early 2019. Over 1,000 employees across all PTC company operations will work at PTC's new headquarters. With PTC's lease, 121 Seaport is now 63% leased.


PTC employs over 6,000 people worldwide and is a market leader in IoT and augmented reality. The company is developing technology that transforms how companies design, manufacture, operate and service the “things” in IoT. PTC has been headquartered in the Boston area since its’ founding in 1985.


By moving to the Seaport District, PTC aims to enhance its ability to attract and retain talent, following in the recent footsteps of major players including Amazon, Boston Consulting Group, General Electric, PwC and Reebok. “There are few places in the world that can lay claim to as many ‘firsts’ as Boston,” said PTC CEO Jim Heppelmann in a prepared 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.” The Class A, LEED Platinum-configured 121 Seaport is on target for completion in the first quarter of 2018 and features 400,000 square feet of Class A office space on upper levels, with 50,000 square feet of retail space across two stories at the building’s base.

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