News: Owners Developers & Managers

Jones Lang LaSalle signs Pegasystems Inc. to 162,000 s/f lease at One Rogers Street

According to Jones Lang LaSalle (JLL), Pegasystems Inc. has opened their new corporate headquarters at One Rogers St. They have leased 162,000 s/f on the fourth, fifth, and sixth floors of One Rogers St. for 12 years. Pegasystems moved to the new location from 101 Main St. to create their new corporate headquarters. JLL is the leasing and property management agent representing owner Principal Global Investors. One Rogers St. is a 252,000 s/f first class office building that adjoins One Charles Park. It features modern design, detailed high end finishes, a shared landscaped courtyard, and panoramic views of the Charles River. The complex is located adjacent to the CambridgeSide Galleria and the Hotel Marlowe. It is in close proximity to retail, restaurants, cultural and transportation amenities in Cambridge. "We are excited to open our new corporate headquarters at One Rogers St.," said Dan Ryan, vice president, real estate and facilities at Pegasystems. "Working with the Principal Group, our landlord, Visnick and Caulfield as architect and J. Calnan, our general contractor, we have created an office of the future in the heart of Cambridge. The office has everything an employee is looking for, great natural light, modern global collaboration tools, multiple commuting options, easy access to shopping and the airport, and capacity to grow." "Jones Lang LaSalle and Principal are pleased to welcome this prestigious Cambridge based company as our anchor tenant. This transaction provides Pegasystems a wonderful opportunity to continue to grow its headquarters in a institutionally owned and operated project in the city where it was founded", said JLL executive vice president John Osten.
MORE FROM Owners Developers & Managers

Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI

Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.
New Quonset pier supports small businesses and economic growth - by Steven J. King

New Quonset pier supports small businesses and economic growth - by Steven J. King

Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.