August 2014
ANDOVER, MA — Aras Corporation is experiencing continued hiring growth and could not pass up the opportunity to increase their existing space at 300 Brickstone Square in Andover, MA.
Aras added 9,704 sf to their current global headquarters office, expanding into the entire 7th floor for a total of 28,772 sf. The expansion of thier Andover headquarters provides capacity for over 100 employees at this location to keep up with ongoing hiring. It’s the latest in the company’s growth worldwide, which includes the opening of new offices in Detroit, Munich, and Tokyo, earlier this year. 300 Brickstone Square is located near the intersection of I-495 and I-93, ideally situated for professionals living in Greater Boston North and southern New Hampshire. It offers amenities such as a full-service fitness center, daycare, a 564-seat cafeteria with corporate catering, a dry cleaning service, landscaped courtyard with benches, convenience store, ample parking and on-site management.
Debra Stevens, CCIM, Principal of The Stevens Group, represented Aras Corporation, and Peter Dominski of CBRE represented the Landlord.
About Aras
Aras offers the best Product Lifecycle Management (PLM) software for global businesses with complex products and processes.Advanced PLM platform technology makes Aras more scalable, flexible and secure for the world’s largest organizations, and a full set of applications provide complete functionality for companies of all sizes. Customers include GE, GETRAG, Hitachi, Honda, Motorola, TEVA Pharmaceuticals, Textron and XEROX. Aras is privately held with global headquarters in Andover, Mass.
About The Stevens Group
The Stevens Group is a commercial real estate advisory firm located in Boston, MA, specializing in exclusively representing corporate clients in the leasing, acquisition and disposition of commercial real estate. The Stevens Group is the Boston affiliate of ITRA Global, an organization of real estate professionals specializing in representing tenants, buyers and entrepreneurial startups in the leasing, acquisition and disposition of office, industrial and retail facilities. With coverage in major markets around the world, ITRA Global is one of the largest organizations dedicated to representing tenants and occupiers of commercial real estate.