Pegasystems opens Lechmere headquarters
Pegasystems is open for business at 1 Rogers St., the company said Thursday.
The maker of business management software has taken three floors at the address — next to the CambridgeSide Galleria and Hotel Marlowe — as its corporate headquarters. Until Thursday, its base was 101 Main St. The move was long planned, with the deal announced in July 2011 as a way to make room for a company expansion.
The company has leased 162,000 square feet for a dozen years, according to Jones Lang LaSalle, the leasing and property management agent for owner Principal Global Investors. The building has a total six stories and 252,000 square feet, including a courtyard, and Pegasystems is now its anchor tenant, said John Osten, Jones Lang LaSalle’s executive vice president.
At midday Thursday, the share price for Pegasystems’ stock on the Nasdaq exchange was $25.48, up 25 cents from its Wednesday close, but toward the bottom of its 52-week range of $22.51 to $40.67.