PayPal to move to Financial District
Online payment company PayPal, a division of Internet auction giant eBay Inc., has signed a lease to occupy 65,000 square feet in One International Place, one of the city’s tallest office buildings, according to The Chiofaro Company, the complex’s developer and manager.
As first reported by the Boston Business Journal, PayPal plans to open its Northeast operations and house several aspects of its business in the new space, which is located in the city’s Financial District. Last year, PayPal purchased Boston mobile technology company Where.com for $135 million.
PayPal will be the first big technology tenant in the building, which houses such businesses as Citigroup Global Markets and Morgan Stanley Institutional Services.
In 2010, the building lost a major tenant when the law firm Ropes and Gray left its 350,000 sq. ft. space and relocated to the Prudential Building.Michael B. Farrell can be reached at email@example.com.