125 Summer St. is a 495,000-square-foot office building owned by Oxford Properties Group.
BOSTON—Fast-growing automation and e-mail platform company Klaviyo has expanded its headquarters presence here by 135,000 square feet and will relocate to 125 Summer St.
The firm has signed a 159,680-square-foot lease at Oxford Properties Group's 125 Summer St. office building. Klaviyo becomes the largest tenant at the 495,000-square-foot boutique office building that occupies a full block adjacent to Dewey Square.
With the addition of the new space, the company will occupy seven consecutive floors, taking the entire fifth through 11th floors. Other tenants at 125 Summer include: Asics, Analog Devices, Haemonetics and Tatte Bakery & Café.
"125 Summer Street is the ideal location for growing companies like Klaviyo," says Matt Polhemus, director of leasing Boston at Oxford Properties Group. "Klaviyo selected 125 Summer St. as a one-of-a-kind location to solidify their success and rapid growth, and we are happy they chose to grow their footprint with us."
In the fall of 2016, Oxford originally signed a lease with Klaviyo for 25,000 square feet at 225 Franklin St. There were plans to grow to 75,000 within 225 Franklin; however, as Klaviyo's space requirement continued to increase, Oxford and Klaviyo pivoted to a 160,000 square foot block of space at 125 Summer St., Oxford officials state.
"We could not be more excited to expand our global headquarters right here in the heart of Boston at 125 Summer St. This is our city, it's our home and Klaviyo is committed to building the next pillar technology company right here in the center of everything. With this location, we can vastly expand our workforce and make a positive impact on the greater Boston community for years to come," said Steve Wietrecki CRO at Klaviyo.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
