CAMBRIDGE, Mass., Nov. 21, 2016 /PRNewswire/ -- Akamai
Technologies, Inc. (NASDAQ: AKAM), the global leader in Content
Delivery Network (CDN) services, today released plans for the
building of its new global headquarters in Cambridge, Massachusetts. Akamai has
entered into an agreement with Boston Properties to lease a
newly-constructed building at 145 Broadway, in the heart of
Cambridge's Kendall Square neighborhood. The
approximately 486,000 square foot building is scheduled to open at
the end of 2019. Initial architectural renderings of the new
headquarters are available here.
"Akamai has its roots in Cambridge and has grown into the largest
technology company headquartered in this area," said Erica Chapman, Vice President, Global Real
Estate and Workplace Productivity at Akamai. "We look forward
to creating a campus environment for Akamai's employees to further
foster innovation and collaboration, and to build a headquarters
that complements the thriving Kendall
Square community, complete with first-floor retail
space."
New construction will require demolition of the existing
three-story building at 145 Broadway and is contingent on Boston
Properties obtaining final approvals from the City of Cambridge and Cambridge Redevelopment
Authority. Akamai has signed a fifteen year lease for 100% of
the office space in the new development. The Company has also
agreed to lease a minimum of an additional 150,000 square feet of
space within Boston Properties' portfolio in Kendall Square.
This commitment is intended to represent part of a second phase of
Akamai's build out of its headquarters' campus and will commence
concurrently with the new construction. Occupancy of both
spaces will be coordinated with the lease expirations of Akamai's
current locations in Cambridge.
"We are thrilled to be partnering with Akamai to facilitate its
continued growth in Kendall Square," stated Bryan Koop, Executive Vice President, Boston
Region for Boston Properties. "Akamai's technology and services are
key contributors to the thriving innovation ecosystem and we're
proud to be building them a long-term home here."
The building at 145 Broadway is expected to include
approximately 9,500 square feet of street level retail space and a
sub-surface parking garage. An employee café, roof deck,
fitness center and electric vehicle charging are all amenities
being considered for the new space. Continuing Akamai's global
commitment to the environment, the new headquarters will also be
constructed using the Energy Use Index and will be LEED
compliant.
Globally, Akamai has offices in 64 locations and has recently
expanded in Amsterdam,
Atlanta, Bangalore, Beijing, Bellevue, Denver, Krakow, London, Melbourne, Munich, San
Francisco and Santa
Monica.
About Akamai
As the global leader in Content Delivery
Network (CDN) services, Akamai makes the Internet fast, reliable
and secure for its customers. The company's advanced web
performance, mobile performance, cloud security and media delivery
solutions are revolutionizing how businesses optimize consumer,
enterprise and entertainment experiences for any device, anywhere.
To learn how Akamai solutions and its team of Internet
experts are helping businesses move faster forward, please
visit www.akamai.com or blogs.akamai.com, and follow @Akamai on
Twitter.
Akamai Statement Under the Private Securities Litigation
Reform Act
The release contains information about future expectations, plans
and prospects of Akamai Technologies, Inc.'s management that
constitute forward-looking statements for purposes of the safe
harbor provisions under The Private Securities Litigation Reform
Act of 1995. Actual results may differ materially from those
indicated by these forward-looking statements as a result of
various important factors including, but not limited to, failure of
Boston Properties to complete construction of the planned building
on a timely basis, in accordance with the current plans, or at all;
changes in Akamai's hiring expectations; changes in real estate
market conditions; and other factors that are discussed in the
Company's Annual Report on Form 10-K, quarterly reports on Form
10-Q, and other documents periodically filed with the SEC.
Contacts:
Jeff
Young
Media Relations
617-444-3913
jyoung@akamai.com
--or--
Tom Barth
Investor Relations
617-274-7130
tbarth@akamai.com
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SOURCE Akamai Technologies, Inc.