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Hobbs Brook Management Leases 90,000 SF to Dassault Systèmes in Johnston, R.I.

Statement from Governor Lincoln D. Chafee Regarding New Offices for Dassault Systèmes SIMULIA Dassault Systèmes SIMULIA Corp. informed me by letter on August 29 that the company will be moving to a new location at the 3DS Providence Campus in Johnston. I am thrilled that high quality, good paying jobs, and an innovative and valuable technology company are remaining within our borders. The company's investment in the new location will give them the necessary space for continued expansion, and the opportunity to recruit local talent, as well as be good partners with the cities, towns and businesses of Rhode Island. It was a pleasure meeting with key leaders of Dassault Systèmes on several occasions as they determined the best option for their future offices.

A Statement from Scott Berkey, CEO, Dassault Systèmes SIMULIA Governor Chafee was very supportive of our search for a location which offered enough room to accommodate our continued growth, and we appreciated his visit to our corporate headquarters in Velizy-Villacoublay, France. We are pleased to have a long history in Rhode Island and the greater Providence community, and look forward to our new home in Johnston.

Press Release Hobbs Brook Management LLC, (HBM) a pioneer in the development of office space in the Boston suburbs, announced that Dassault Systèmes, the 3DEXPERIENCE Company, has leased 90,000 SF within the Northwoods Office Park at 1301 Atwood Avenue in Johnston, R.I. Currently under construction, the renovation of Northwoods will offer 338,600 SF of Class A office space when it is complete in the fall of 2014. Dassault Systèmes will take a long-term lease in the building, which is expected to achieve LEED® Silver certification.

"Dassault Systèmes' SIMULIA brand has been engaged in the greater Providence community for more than 35 years, and we will continue to be an active contributor to this community," noted Scott Berkey, CEO, Dassault Systèmes SIMULIA. "We are looking forward to our new home in Johnston, R.I. which offers ample room to support continued growth, and working with Hobbs Brook to create an environment for our employees that will continue to drive our passion for innovation."

In 2010, Dassault Systèmes established its new Americas corporate campus with the lease of 335,000 SF at 175-185 Wyman Street in the Hobbs Brook Office Park, owned and operated by Hobbs Brook Management, in Waltham, Mass. Dassault Systèmes' current real estate portfolio consists of approximately 40 locations throughout North and South America.

"We are thrilled to continue our successful relationship with Dassault Systèmes with the lease of this space in Northwoods," said Thomas Dusel, president and chief operating officer of Hobbs Brook Management. "We strive to offer the highest level of tenant satisfaction possible in every building that we own and operate, and long-term and repeat tenants are a testament to our commitment. We look forward to serving Dassault Systèmes in this new location."

Hobbs Brook Management owns and operates 26 buildings comprising approximately 4.0 million square feet of Class A office space in Massachusetts. As both owner and operator of its properties, HBM services its tenants directly via a comprehensive on-site property management staff.

The project team for the Northwoods renovation includes architecture firm Margulies Perruzzi Architects; construction manager Dimeo Construction; MEP engineers AHA Consulting Engineers; structural engineers Odeh Engineers, Inc.; civil and landscape engineers Vanasse Hangen Brustlin, Inc. (VHB); lighting designer HLB Lighting Design; and kitchen consultants Colburn & Guyette.

Jones Lang LaSalle and its local partner Capstone Properties represented Dassault Systèmes in this transaction.

About Hobbs Brook Management LLC As both owner and operator, Hobbs Brook Management LLC is committed to providing its tenants and their employees with a reliable and fully functional business environment. For leasing information, please visit www.hobbsbrook.com.

About Dassault Systèmes Dassault Systèmes, the 3DEXPERIENCE Company, provides business and people with virtual universes to imagine sustainable innovations. Its world-leading solutions transform the way products are designed, produced, and supported. Dassault Systèmes' collaborative solutions foster social innovation, expanding possibilities for the virtual world to improve the real world. The group brings value to over 170,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit www.3ds.com.

CATIA, SOLIDWORKS, SIMULIA, DELMIA, ENOVIA, GEOVIA, EXALEAD, NETVIBES, 3DSWYM and 3D VIA are registered trademarks of Dassault Systèmes or its subsidiaries in the US and/or other countries.

Related links

Department or agency: RI Commerce Corporation

Online: http://www.edc.ri.gov/

Release date: 09-04-2013

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