NEEDHAM, MA-Travel website TripAdvisor hastravel plans of its own. Normandy Real EstatePartners and Greenfield Partners saidTuesday that they've signed the company to a 280,000-square-footbuild-to-suit office building here, where TripAdvisor will relocateits headquarters from nearby Newton.
A spokeswoman for Normandy tells GlobeSt.com that TripAdvisor isthe first BTS tenant to commit to what's planned to eventually befour office buildings at Center 128, an office park that Normandyand Greenfield are redeveloping. The property has developmentpotential of up to 830,000 square feet; a new 128-key, 89,740square foot Needham Residence Inn has already been completedthere.
TripAdvisor currently occupies 119,000 square feet at 141Needham St. in Newton, and employee growth projections mean it willsoon outgrow the space. It will relocate to Center 128 in 2015,says Normandy's spokeswoman.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
