BOSTON-InterSystems Corporationa Boston-based healthcare data management and information systems company, announced that it will be moving its headquarters to A Congressa one million square foot trophy office development owned by a joint venture between Square Properties and National Real Estate AdvisorsLLC.

The move marks a significant milestone for the building, establishing the tower as 100% leased during a historic pandemic rental period.

the HYM Investment Group is the local developer of the project together. Carr Properties will manage One Congress when completed. InterSystems will occupy 420,000 square feet on the top fourteen floors of One Congress.

“The demand for advanced software to power digital transformation has never been higher, and as InterSystems surpasses the $1 billion revenue level, we need a new global headquarters for the InterSystems family in constantly expanding,” said Paul Grabscheid, vice president of strategy for InterSystems. . “We look forward to expanding into our new home in 2024 at One Congress in the heart of Boston, where our employees can collaborate and continue our rich tradition of excellence and customer success and where we are well positioned to leverage innovations in technology and health care. ”

A Congress

“We are delighted that InterSystems has chosen One Congress as its future headquarters,” said Oliver Carr III, CEO of Carr Properties. “Delivering a fully leased Congress prior to completion is a testament to the quality of this development and the unique working environment that One Congress will provide to all of our valued customers in the building. From the spectacular outdoor rooftop terrace, to on-site dining and beverage offerings, to the industry-leading fitness center, One Congress will deliver an unparalleled experience.

“National Real Estate Advisors is proud to welcome InterSystems as the newest addition to our Bulfinch Crossing development,” said Jeffrey Kanne, President and CEO of National Real Estate Advisors. “One Congress exemplifies National’s commitment to building modern, forward-thinking assets that seek to generate returns for our investors, strengthen communities and create good jobs.”

“By choosing One Congress as their new headquarters location, InterSystems and their employees will be part of a neighborhood at the center of Boston’s new urban evolution,” said developer Thomas N. O’Brien, managing partner and head of the management of The HYM investment group. “This is yet another strong sign of confidence in the Boston office market, and we are thrilled to welcome another distinguished company to One Congress.”

CBRE’s John Barry, Peter McQuaid and Jeff Landers represented One Congress in this transaction. Dave Fitzgerald and Tim Howe of CBRE represented InterSystems Corporation.

A convention began in June 2019 and construction is expected to be complete by the end of 2022. InterSystems will join lead client State Street Corporation, as well as K&L Gates in this one million square foot office tower.

Founded in 1978, InterSystems provides innovative data solutions for organizations with critical information needs in the healthcare, finance and logistics industries and beyond. Our cloud-first data platforms solve interoperability, speed, and scalability challenges for organizations around the world. InterSystems also develops and supports data management in hospitals through the world’s most proven electronic medical record, as well as unified care records for health systems and governments through a powerful suite of integration solutions health data. The company is committed to excellence through its award-winning 24/7 support for customers and partners in more than 80 countries. Privately held and headquartered in Cambridge, Massachusetts, InterSystems has 25 offices worldwide.

Carr Properties is a private real estate investment trust that owns, manages, acquires and develops high quality properties in Washington, DC, Boston, Massachusetts and Austin, Texas. The company currently has a portfolio of sixteen commercial office properties totaling approximately 5.2 million square feet, one multi-family property totaling 456 units and two development projects that will add an additional 1.7 million square feet of quality office space. trophy to company wallet. Additionally, Carr Properties currently manages three third-party properties, totaling 1.4 million square feet. Carr Properties continues to grow through strategic investments in the Washington, DC, Massachusetts and Texas markets.

National Real Estate Advisors, LLC is an investment manager that develops, operates and manages commercial real estate projects across the United States. Recognized as an ESG industry leader, National focuses on environmental sustainability, social responsibility and strong governance practices to create value for investors and benefits for local communities. Founded in 2000, the company builds investment portfolios of modern real estate assets – apartments, offices, mixed use, medical/healthcare, industrial (including data centers) and hospitality.

National is an independent subsidiary of the National Electrical Benefit Fund (“NEBF”), a large pension trust with substantial assets which are managed by National on a discretionary basis.

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