Boston – Colliers International Boston, exclusive global real estate services advisor to Sovos, a global provider of software that safeguards businesses from the burden and risk of modern tax, recently negotiated a restructure and 8-year extension on Sovos’ behalf at its existing 200 Ballardvale Street headquarters in Wilmington, Massachusetts.
The Colliers Boston team of senior vice presidents Stephen Woelfel, Jr. and Tim Brodigan, and president James Elcock led Sovos through a comprehensive exploration of the market, ultimately finding that an in-place restructure best accommodated Sovos’ needs moving forward. With the help of CBT Architects, Sovos will completely redesign its 50,000-square-foot space.
“Sovos is a dynamic software company that is expanding rapidly around the globe,” noted Woelfel. “We were thrilled to help them restructure and revamp their headquarter location and are excited to witness the transformation of the space into a state-of-the-art facility supporting its evolving culture.”
“As a company and culture, Sovos has evolved,” said Todd Hanna, Sovos Vice President & General Counsel. “We wanted to create workspace in Wilmington that better complements both our brand as a global software provider as well as our challenging and rewarding work environment. We are delighted to be able to accomplish these objectives without the disruption of a relocation.”