A cloud-based email and data company that’s grown steadily west of Boston is on the move again as it seeks room for expansion of its North American headquarters.

Mimecast has committed to 80,000 square feet at Boston Properties’ 191 Spring St. in Lexington, according to industry sources and a research report by Newmark Knight Frank. The 5-story office building previously was the regional headquarters for shoemaker Wolverine Worldwide, which moved last year to 150,000 square feet at 10 Citypoint, a new build-to-suit office building in Waltham developed by Boston Properties.

Mimecast estimates it will have more than 300 local employees by moving day later this year, but the new offices are designed to accommodate a workforce of up to 800, spokeswoman Alison Raymond Walsh said.

 

Founded in 2003 in London, Mimecast opened its North American headquarters in Greater Boston in 2008. In 2013, it relocated from Waltham Watch Factory to the Riverworks complex in Watertown to accommodate its workforce of more than 200 employees.

Mimecast now has outgrown that 33,669-square-foot location at 480 Pleasant St., CEO Peter Bauer said during a conference call to discuss the company’s quarterly earnings.

Mimecast reported revenues of $48.3 million for the quarter ending Dec. 31, up 30 percent from the previous year. Mimecast’s growth has been driven by rising adoption of Office 365 products, for which it provides security and data archiving services.

No tax incentives have been sought by Boston Properties, said Melissa Tintocalis, Lexington’s economic development director.

Building permits filed with the town of Lexington indicate that Boston Properties is spending over $25 million on interior and exterior renovations.

This story was updated to include details on Mimecast’s future staffing levels in Lexington.

Tech Co. Moving To Former Wolverine HQ In Lexington

by Steve Adams time to read: 1 min
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