Sub Markets

Property Sectors

Topics

Boston & New England CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Boston & New England  + New England  + Office  | 

Hasbro to Delay Headquarters Sale Until Relocation to Boston

Hasbro Inc. will delay putting its Pawtucket, RI headquarters up for sale until after the company’s relocation to Boston, the Boston Business Journal reported. The toy and digital game maker is slated to move to WS development’s 400 Summer St. in the Seaport District in the fourth quarter of 2026.

Until then, the two-building complex at 1027 Newport Ave. in Pawtucket will remain Hasbro’s headquarters, the company said in an SEC filing. The complex spans about 366,000 square feet of office and industrial space. The large structure in 2023 was appraised at nearly $23.4 million, and the smaller one at around $2.2 million, reported the Business Journal.

Upon relocating to Boston, Hasbro will sublease 265,000 square feet from Foundation Medicine, where it plans to house approximately 700 employees. The relocation decision was made after Massachusetts approved a potential $14-million tax break, the Business Journal reported.

Photo credit: Kenneth C. Zirkel.

Connect

Inside The Story

Hasbro

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Lease
  • ◦Sale/Acquisition
New call-to-action