225 Franklin St., Boston
BOSTON—DataRobot is relocating its corporate headquarters operations to Oxford Properties Group's 225 Franklin St. office tower, leasing nearly 57,000 square feet of space.
The creator and provider of automated machine learning is relocating from its current headquarters totaling 31,407-square feet at 1 International Place in Boston to 56,962 square feet at 225 Franklin St. The deal was announced by Newmark Knight Frank, which represented the property owner—Oxford Properties Group—and the tenant in the transaction.
The deal brings 225 Franklin St., a 33-story, 943,605-square-foot office building to nearly 90% occupancy. NKF senior managing director Jason Cameron, executive managing director David Martel and transaction services specialist Tim Giarrusso represented ownership in the transaction, while NKF director Ben Sutton and executive managing director William Motley represented DataRobot in its lease deal at the property.
“225 Franklin is an exceptional property and Oxford has recently revitalized the space with a new lobby, the addition of retail conveniences at the ground level, and a state-of-the-art amenity center,” states Matthew Polhemus, senior manager of leasing at Oxford Properties Group. “DataRobot is an example of our commitment to working collaboratively with our customers to understand their business needs and provide world-class services.”
DataRobot plans to take occupancy of its new space at 225 Franklin St. in September 2019.
“DataRobot selected 225 Franklin Street due to it having three contiguous floors available that featured generous natural light, efficient floor plates and possible future expansion opportunities,” said NKF's Sutton.
DataRobot, which was founded in 2012, is backed by $225 million in funding from top-tier firms, including New Enterprise Associates, Sapphire Ventures, Meritech and DFJ. Last October, the firm, which has offices around the globe, reported that it raised $100 million in Series D funding. The round was led by Meritech and Sapphire Ventures, with participation from DFJ Growth and 16 previous investors including NEA, IA Ventures and Intel Capital.
225 Franklin St. was built in the mid 1960s and was last renovated in 2013, according to its website. Among its amenities include Intelligentsia Coffee (with a new lounge in building lobby), Sweetgreen, Foumami, Equinox (fitness center) and The Foundation, a conferencing and amenity center that features a tenant lounge with a kitchen area and catering capacity, golf simulator, and locker rooms with showers and bike storage. The building also offers two high capacity meeting rooms and 237 spaces of on-site parking.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
