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IoT Provider Takes 250K-SF in Boston’s Seaport District

Needham, MA-based PTC, a global provider of technology, signed an 18.5-year lease for 250,000 square feet of office space at 121 Seaport Boulevard in Boston’s Seaport District. The 17-story, 400,000-square-foot commercial real estate building is being developed by Skanska Development, and will serve as PTC’s new global headquarters.

PTC is expected to move 1,000 employees into 121 Seaport’s top nine floors in early 2019. The lease is the first for the property, and brings the building to 63% leased. The Class A, elliptical-shaped glass office building now under construction in Boston’s Innovation District is slated for base building completion in Q1 2018.

Cresa Boston’s Jack Burns, Adam Subber and Dan Sullivan represented the tenant. NKF’s Bill Anderson and Dave Martel represented the landlord. Cresa will also manage sublease and disposition services for PTC’s current lease at 140 Kendrick Street in Needham, MA.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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