Wayfair, an online retailer of home furnishings, plans to add 170,000 square feet to its lease with Simon Property Group, Inc. at The Offices at Copley Place in Boston, Massachusetts.
The additional space brings Wayfair's new office space to a total footprint of 275,000 square feet. The firm said Wayfair requires additional square footage to accommodate its Boston-based employees, as part of its headquarters relocation to take place later this year. The new space is roughly three times the size of the company's current headquarters and provides further expansion options to accommodate continued growth.
"With more than 1,600 employees, Wayfair is quickly becoming one of the largest employers in Boston," noted Niraj Shah, CEO and Co-founder of Wayfair. "We are proud of our Boston roots and believe our location in the Back Bay is optimal for attracting and retaining top talent. We are excited to expand our footprint in the city of Boston and look forward to our move later this year."
"We are very pleased that Wayfair is increasing its commitment to Copley Place even before they move in," said David J. Contis, President, Simon Malls. "With world-class shopping, an office setting ideal for technology companies, and a planned 52-story residential tower with over 500 units, Copley Place will be one of the most dynamic mixed-used projects in the country."
Copley Place, a world-class, mixed-use complex, offers approximately 845,000 square feet of Class A office space. Copley Place's office space is contained in four towers, each featuring an individual elevator core. Its campus includes; 75 retail shops, two large convention hotels, and 1500 parking spaces. More than 40 restaurants are either onsite or nearby.