August 2018

ANDOVER, MA — Aras Corporation continues to grow at a rapid rate, and after an extended search and protracted negotiations, will stay at their existing location at Brickstone Square, expanding their footprint to 70,000 sq. ft. They signed a new 10 year lease taking the first two floors of Building 100, and will have signage on the building tower. The new space will provide more conference space, client interaction area, employee amenities and room to grow..

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.

Peter Schroer, CEO, Aras 

Debra Stevens, CCIM, Principal of The Stevens Group, represented Aras Corporation in the lease negotiations.  Peter Schroer, CEO of Aras noted “Aras Corp has relied on The Stevens Group for more than 18 years; through six leases, renewals, and expansions both here in the Boston area and at our remote locations.   The Stevens Group has always placed our interests first and foremost and depend upon their advice.  We consider The Stevens Group a part of the Aras family, helping us to grow from a small start-up to now occupying over 100,000 sf.

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.

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.

More News