September 2011
ANDOVER MA — Aras Corp. will soon have a new headquarters, but relocating from its current space here at 300 Brickstone Square, will be as seamless for the burgeoning technology firm as one could imagine. After considering options throughout Interstate 495 North, Aras staff need only take the elevator two levels down from the ninth floor into nearly 20,000 sf that tenant representative Debra Stevens terms “as close to 100 percent plug and play as they come,” with the prior tenant spending heavily on fit-out and infrastructure prior to being lured into Boston.
“It’s awesome,” says the Stevens Group principal who lists main benefits as the stylish FFE left behind, plus extensive window lines along three walls on top of multiple private offices desired by her client. Stevens also credits the owner Transwestern and a cooperative building and leasing team for convincing Aras to remain at the master-planned business park. “It was an aggressive deal,” Stevens says, although she declined to offer specifics on terms due to confidentiality contracts.
Stevens also represented Aras in the lease of its ninth floor location five years ago when Aras was operating from nearby Lawrence. As in that instance, the new commitment represents a substantial increase in space for Aras, with their present headquarters concentrated in 8,000 sf.
About Aras Corp
Aras is the leading provider of enterprise open source Product Lifecycle Management (PLM) software solutions. Freedom from licensing eliminates up-front expenses and per user costs while superior technology makes Aras the most advanced enterprise PLM solution suite available. Customers include Motorola, Rolls-Royce, Freudenberg, Lockheed Martin, Ingersoll Rand, Hydrometer, Hi-P and ACCO Brands. Aras is privately held with global headquarters in Andover, Mass.
About The Stevens Group
The Stevens Group is the Boston affiliate of ITRA Global, the International Tenant Representative Alliance, an organization of independently owned commercial real estate firms with offices in major markets in North America, Latin America, Europe, and the Pacific Rim. ITRA Global is one of the largest organizations in the world that provides objective real estate advice and services exclusively to corporate tenants and occupiers of commercial real estate.