Dassault Systèmes, a 3D and product lifecycle management (PLM) developer, has leased 320,000 square feet of new office, technology lab and data center space in 175 Wyman St. and 185 Wyman St. in Waltham.
The transactions mark the largest lease in Greater Boston in 2010, according to a statement. The company is moving to Waltham to create its new Americas corporate campus.
The company, which has outgrown its existing facilities in Concord and Lowell, is scheduled to move into all of 175 Wyman St., totaling 211,741 square feet in mid-2011, and may grow into 185 Wyman St. thereafter. The Waltham location will initially accommodate 800 employees. Dassault Systèmes’ current real estate portfolio consists of its global corporate headquarters in Velizy, France, approximately 40 locations throughout North and South Americas, and numerous other offices across the globe.
Jones Lang LaSalle Executive Vice President and National Director Brendan Callahan, and Managing Director Alex Dauria represented Dassault Systèmes. Charles "Chip" Batchelder, managing director of Wyman St. Advisors represented the owner/developer Hobbs Brook Management. Jones Lang LaSalle was also named project manager for the development.
"We are excited to announce a very important milestone in the evolution and visibility of Dassault Systèmes in North America. This outstanding new campus will enable us to consolidate our businesses and employees into a single, world-class state of the art Americas headquarters that truly reflects the vision of our company while allowing DS to optimize our operational effectiveness and efficiency as we execute our growth plans, said Al Bunshaft, managing director of Dassault Systèmes Americas. "The Boston area has been the birthplace of many of the world’s most brilliant high tech companies and we are pleased to announce DS’s commitment to this dynamic area for the long term."
"We are thrilled that global technology leader Dassault Systèmes chose to locate its new Americas corporate campus here in Massachusetts," said Gov. Deval Patrick. "This decision speaks to the economic opportunity, world class talent, and innovation that are unique to the Commonwealth, and we look forward to a long partnership with Dassault Systèmes moving forward."
