BOSTON — Avison Young announced that Demandware, a provider of enterprise-class cloud commerce solutions, has signed a lease to expand the company’s headquarters at 5 Wall Street in Burlington, MA.
Avison Young Principals Steve Cook and Jack Kerrigan, along with Mark Coelho and Chris Adams, a vice-president and associate, respectively, in the Boston office, represented Demandware in the transaction. George Wells of Piedmont Office Realty Trust, Inc. represented ownership.
Demandware is currently leasing approximately 100,000 square feet (sf) on three floors at 5 Wall Street and will expand over the next five years to lease the entire six-story, 181,680-sf building by 2021.
“With the help of Piedmont Office Realty Trust, Inc., Demandware was able to secure a long-term real estate solution in the building,” comments Cook. “The location has worked well for Demandware and, fortunately, the company can continue to grow in this established technology corridor.”
“Demandware will continue to benefit from a proven location, allowing our company to continue to hire great talent, while maintaining a high-profile, highly visible building right off Route 128,” says Tim Adams, Demandware’s Chief Financial Officer. “Staying and growing in our current building provides our employees the continued benefit of excellent highway access from all directions as well as unmatched area amenities.”
Positioned in Greater Boston’s top suburban office market, 5 Wall Street offers convenient access and excellent visibility from Route 128 (I-95). The building is well located with countless amenities in the surrounding area, with nearby Wayside Commons and Burlington Mall offering a combined 215 dining and retail options alone.
Demandware (NYSE: DWRE), is the category-defining leader of enterprise-class cloud commerce solutions, empowering the world’s leading retailers to continuously innovate in our complex, consumer-driven world. With Demandware, retailers move faster and grow faster.