Phase Forward plans move to larger HQ
Phase Forward Inc. said today it is relocating its corporate headquarters to larger space as it plans for the possibility that its local work force could more than double over the next five years.
The company, which is moving from one Waltham address to another, provides data management solutions for clinical trials and drug safety.
According to Phase Forward, its new 165,000-square-foot quarters at 77 CityPoint are in the first speculative green building in the Boston suburbs to be awarded the Leadership in Energy and Environmental Design , or LEED, Silver Precertification by the US Green Building Council.
Phase Forward said that the landlord of its new space is Boston Properties Inc., a real-estate investment trust that owns and operates commercial real estate properties.
Phase Forward said it plans to move from its current Waltham location at 880 Winter St. in Waltham to 77 CityPoint in the fourth quarter.
Since moving to its current headquarters in late 2003, Phase Forward said its revenues have more than doubled and its worldwide employee base has grown by more than 45 percent; at the end of 2007, Phase Forward employees in the state numbered 313, and the new location will be able to house up to approximately 350 additional employees as Phase Forward continues to grow its local employee base over the next four to five years.
(By Chris Reidy, Globe staff)