WESTWOOD, MA—Human resources analytical and consulting firm PI Worldwide is relocating and expanding its corporate headquarters with a move later this year from Wellesley Hills to more than 21,000 square feet of space at 101 Station Drive here.

The company that provides proprietary information to businesses regarding employee workplace behaviors and skill assessments, signed a 10-year lease for 21,324 square feet at the 208,134-square foot, three-story office building that is owned by a partnership between National Development, New England Development and Eastern Real Estate. PI Worldwide is expected to relocate from its current offices at 16 Laurel Ave. in Wellesley Hills and take occupancy of its new space by December of this year.

Cushman & Wakefield of Massachusetts executive vice president Michael Frisoli, director Matthew Morgan and executive vice president J.R. McDonald represented the building owner and brokered the transaction. PI Worldwide was represented by Thompson Hennessey & Partners' principal Rick Robinson and partner Chris McMahon.

PI Worldwide, which states it has 8,000 clients worldwide, empowers business leaders to understand what drives workplace behaviors. The firm's proprietary Predictive Index system functions as the heart of its behavior and skills assessments, people analytics software, and instructor-led management workshops.

The 101 Station Drive building is located adjacent to the mixed-use University Station district and is within walking distance of the Route 128 MBTA commuter rail/Amtrak station.

The building is currently undergoing a multi-million dollar renovation program, C&W's Morgan tells Globest.com. It is those improvements that have driven leasing activity at the property, he adds. Once PI Worldwide takes occupancy, the building will be approximately 50% leased.

Earlier this year, General Dynamics leased approximately 100,000 square feet of space at the building and is also expected to take occupancy in late 2015.

“Extensive renovations have made 101 Station Drive an integral part of the surrounding work-live-play community,” says Leah Harsfield, vice president of National Development. “We're thrilled to add PI Worldwide to the roster of businesses at this state-of-the-art office space.”

Morgan says the renovations will include upon completion this fall: a new café, indoor and outdoor collaborative space, a new 4,000-square-foot fitness center and a new glass façade for the building.

He says the improvements “are really taking the building to the next level and modernizing it for what today's tenants are looking for.”

The building had been a single-tenant building leased to State Street Corp. That firm vacated the property several years ago. The new ownership acquired the property in July 2014 for $16 million from MetLife and has made a commitment to convert the property into a multi-tenant building, Morgan says.

The demand for space at the transit-oriented development has been strong due to its proximity to the large mixed-use University Station project and mass transit. “We are negotiating with users, some of which would take the remaining vacancy in the building, some would take half and some would take somewhere in the neighborhood of 25,000 to 30,000 square feet,” he says.