BOSTON, January 4, 2018 —Tishman Speyer, one of the world’s leading developers, owners, operators and asset managers of first-class real estate, today announced that Cengage, a global education and technology company, has signed a 10-year, 117,000-square-foot lease at the Pier 4 office building that is nearing completion.
Cengage will relocate its headquarters from Channel Center in fall 2018 to Pier 4, which will now be nearly fully leased. Cengage will occupy the 2nd through 6th floors, with the 4th floor featuring a private outdoor terrace.
Cengage Chief Technology Officer and member of the company’s Executive Management Team George Moore said, “Cengage has experienced significant growth since moving our headquarters to Boston in 2014. The region’s pool of the best and brightest tech talent has enabled our company to embrace new innovations that support students.
“The amenities, dynamic nature of the neighborhood and unobstructed views of the Boston Harbor will fuel our momentum, while inspiring current and future employees to think big, embrace the unknown and accelerate new ways of learning. We look forward to designing the space to meet our specific needs in a way that encourages collaboration, cross-functional teamwork and spontaneous interactions.”
As the largest US-based provider of teaching and learning materials for higher ed, Cengage is rapidly transforming from a print company to a fully digital company. To support this growth, Cengage is currently seeking to fill nearly 100 positions in Boston across a range of functions, including: software engineering, product management, learning design, marketing, strategy, finance, and sales. All 500 Boston-based employees will move to the new Pier 4 location.
Tishman Speyer Managing Director Jeff Wechsler said, “Just as we strive to develop and operate the finest buildings in the world’s great cities, we seek tenants who are world-class leaders in their industries. We are very pleased that Cengage has elected to come to Pier 4, which is shaping up to be one of the region’s best office locations.”
Located at 200 Pier 4 Boulevard, near Northern Avenue, the 13-story Pier 4 office building will total 370,000 square feet when completed. The building, by Elkus Manfredi Architects of Boston, is being built for LEED Gold certification. It will include an array of retail offerings, a state-of-the art fitness center, bicycle storage and three levels of parking. In addition, Cengage employees will enjoy outdoor public spaces that include an on-site one-acre waterfront park and the Boston Harbor Walk.
The Pier 4 property also will feature a nine-story, luxury residential building designed by SHoP Architects in collaboration with local Boston firm CBT. Pier 4 is surrounded by water on three sides and is served by transportation options that include ferry and bus lines, along with nearby access to I-93 and I-90.
Cengage is the education and technology company built for learners. As the largest US-based provider of teaching and learning materials for higher ed, we offer valuable options at affordable price points. Our industry-leading initiatives include Cengage Unlimited, the first-of-its-kind all-access digital subscription service. We embrace innovation to create learning experiences that build confidence and momentum toward the future students want. Headquartered in Boston, Cengage also serves K-12, library and workforce training markets around the world. Visit us at www.cengage.com or find us on Facebook or Twitter.
About Tishman Speyer (tishmanspeyer.com)
Tishman Speyer is a leading owner, developer, operator and fund manager of first-class real estate around the world. Founded in 1978, Tishman Speyer is active across the United States, Europe, Latin America and Asia, building and managing premier office, residential and retail space in 30 key global markets for industry-leading tenants. The firm has acquired, developed and operated a portfolio of over 165 million square feet with a total value of approximately US $83 billion spread over 402 assets. Signature assets include New York City’s Rockefeller Center and Chrysler Center, São Paulo’s Torre Norte, The Springs in Shanghai, Lumière in Paris and OpernTurm in Frankfurt. Tishman Speyer currently has projects at different stages of development in Atlanta, Boston, Brasília, Chengdu, Frankfurt, Gurgaon, Hyderabad, Los Angeles, New York City, Paris, Rio de Janeiro, San Francisco, São Paulo, Shanghai, Shenzhen and Washington, DC. The firm also operates prominent office property portfolios in Chicago and London.
Susan Aspey (202) 695 6012
Kate Jennings (617) 312-6823