Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Putnam's Big Move Is Almost Here Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, September 6, 2018

Putnam's Big Move Is Almost Here

Reported by Neil Anderson, Managing Editor

It's been almost three years coming, but Putnam Investments [profile] is moving.

Today Putnam president and CEO Bob Reynolds confirms that the Boston-based mutual fund firm will move into its new headquarters in the Bank of America building at 100 Federal Street, as expected. That building is only a couple of blocks away from Putnam's current HQ at One Post Office Square, which has housed the fund firm for 40 years.

"We start in two weeks, and it'll be done by the end of October," Reynolds tells MFWire.

Putnam has sealed a 15-year lease covering nearly 250,000 square feet across 11 floors of the building. The space includes an auditorium at street level and a bigger in-house broadcast studio. Putnam's senior leadership team and about 800 other employees will be based in the new HQ.

"We have room to grow," Reynolds says, while noting that Putnam sister company Empower, a retirement plan recordkeeper, will also have a presence in the same building.

Putnam's move comes at the end of its lease at One Post Office Square, so the search for its next HQ has been underway for several years. The Putnam team considered a number of options around Boston, including new buildings being built, before they picked 100 Federal Street.

Reynolds describes 100 Federal, which was built in 1971, as "a landmark building in the financial district of Boston." The building is both owned and managed by Boston Properties, a combination Reynolds likes. He also sees the new space accommodating a "more open office type of concept" for Putnam and "bigger collaboration space", including Putnam's own conference center. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use