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Pegasystems

Global

Pegasystems is a Cambridge, MA-based software company with 4,200 employees working in nearly 50 global locations. Our work with Pegasystems, which began in 2005 when the company had 1,500 employees, has spanned more than 13 years and encompassed a variety of services to support their headquarters and global growth.

The Challenge

When we began working with Pegasystems, the company’s Cambridge headquarters was spread over six floors in an inefficient layout and design that restricted collaboration. Pega also faced challenges related to its HVAC, lack of meeting space, and collaboration amongst its engineering team. To support its continued growth, Pega needed to relocate to a new headquarters that would allow it to increase its headcount, and needed to do it it with minimal financial impact.

Our Approach

Our team led a comprehensive two-year headquarters analysis and evaluation process that included:

  • Forming a Headquarters Steering Committee. This committee would inform Pega executives on other new HQ workplaces, tour properties, and formulate a headquarters mission statement
  • Financial planning and P&L impacts
  • Evaluating and selecting project team partners, including for design, engineering, and construction
  • Negotiating for 6+ months in the market after objectives and financial planning was complete
Test

The Result

We helped Pegasystems secure a 15-year lease at One Rogers Street in Cambridge, a move that received an overwhelmingly positive response from employees. Our team’s planning, advisory, and aggressive HQ deal for Pega resulted in some of the following for the company:

  • The company was able to vacate its existing HQ early through free rent incentives.
  • At $20-$25/SF under market, Pega’s is one of the lowest existing lease deals in Cambridge’s Kendall Square.
  • Through favorable expansion rights, Pega was able to expand to a total of 240,000 SF at One Rogers Street.
  • The new headquarters reduced Pega’s closed offices from 50 percent to 30 percent, helping transform the company’s culture and collaboration.
Meet some of the team who supported this project: