The Stevens Group Represents Aras Corporation in a 70,000 SF Lease Transaction

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Founded in 1980, The Stevens Group is a Boston-based commercial real estate brokerage and advisory firm with more than four decades of experience helping companies make informed real estate decisions. Today, our practice is centered on Corporate Real Estate Advisory & Tenant Representation, providing independent, conflict-free guidance to tenants and occupiers throughout Greater Boston and beyond.

We advise clients on site selection, negotiations for new leases, renewals, relocations, expansions, consolidations, and specialized office, R&D/lab, industrial and flex requirements. As the Boston affiliate of the International Tenant Representative Alliance (ITRA Global), we can also support clients across the U.S. and internationally while maintaining the senior- level, hands-on service of an independent firm.

The Stevens Group has been certified by the Women’s Business Enterprise National Council (WBENC) as a Women’s Business Enterprise (WBE) since 2011 and is proud to celebrate 15 years of certification in 2026.

What inspired you to start your company, and what has shaped your journey woman business owner in CRE?

The Stevens Group was founded by my parents, Mark and Debra Stevens, in 1980, and I joined the firm in 2013. My mother had a remarkable career in commercial real estate and showed me firsthand what was possible for a woman in the industry, while my father was an equally important mentor and supporter. Since Debra’s passing last year, carrying forward what they built has taken on added meaning. I am proud of our history and committed to positioning The Stevens Group for the future while preserving the integrity, reputation, and client focus that define us.

What are you most proud of about the company you’ve built?

I am most proud of the trust we have earned and the long-standing relationships we have built with clients over more than four decades. Our size and independence allow us to stay closely involved, be responsive, and give objective advice. I also value that we have continued to evolve and stay current while remaining true to how we do business.

Celebrating 15 years as a certified women business enterprise is another milestone I am especially proud of.

What are you most excited about for your company and its future?

I am excited to continue expanding the ways we support clients as their real estate needs become more complex. We have the advantage of being nimble, experienced, and highly personal in our approach, while our ITRA Global affiliation gives clients broader reach when they need it. I see the next chapter as thoughtful growth, interesting assignments, and continuing to strengthen our reputation as a trusted advisor to corporate occupiers.

What does being a woman-owned business mean to you, and what perspective would you share with women considering starting a business of their own?

Being a woman-owned business is meaningful to me because it reflects how far opportunities for women in commercial real estate have come. CRE Brokerage is a demanding career, but I believe women can build successful businesses and careers in this industry without having to choose between professional growth and the other priorities in their lives. My advice is to seek out strong mentors and advisors, trust your expertise and create a culture that values high performance and flexibility. The right environment can make a meaningful difference in sustaining a rewarding career over time.

FOUNDED: 1980

HEADQUARTERS: Boston, MA

SPECIALTIES: Corporate Real Estate Advisory & Tenant Representation; Office, R&D/Lab, Industrial & Flex Requirements

MARKETS SERVED: Greater Boston/Massachusetts; and national and international supportand consulting

WOMAN-OWNED SINCE: 2011

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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.