Hasbro to Relocate Corporate Headquarters to Boston
The move brings 700 employees to the Seaport, signaling changes for area demand and hybrid work standards.
Updated on Oct. 22, 2026 in Remote Work
Live Poll
Do you trust companies to prioritize employee well-being when relocating their primary headquarters to another city?
Hasbro plans to relocate its corporate headquarters from Pawtucket to a 265,000-square-foot office at 400 Summer St. in Boston by early 2027. The move, which will accommodate approximately 700 employees, reinforces the company's shift toward a hybrid model requiring three days of in-office attendance per week.
Why it matters
The relocation aims to capture a deeper pool of college-educated creative talent while leveraging proximity to Logan Airport for global partnerships. For local operators, the arrival of a major corporate entity highlights the ongoing competition for premium office space and the use of state tax incentives to drive corporate density.
Hasbro secured a tax credit package of up to $14 million to support the move, which will occupy 265,000 square feet of space at 400 Summer St. The site will house 700 employees, who earn an average of $140,000 annually at the company's Wizards of the Coast division.
The players
Hasbro
A global toy and game company that operates a large portfolio of consumer brands and entertainment properties.
Chris Cocks
The CEO of Hasbro who is managing the transition to a new corporate headquarters and hybrid work structure.
Healey Administration
The state government of Massachusetts that incentivizes corporate relocations via tax credit packages.
Wizards of the Coast
A division of Hasbro that develops and publishes popular gaming franchises, typically employing highly skilled creative talent.
Foundation Medicine
A molecular information company that is subleasing its office space at 400 Summer St. to Hasbro.
The details
Hasbro is subleasing the Seaport-area office from Foundation Medicine to centralize operations. The company is instituting a strict three-day-per-week in-office attendance mandate to manage the space, supported by subsidized commuter rail fares. Employees living more than 40 miles from the new Boston hub will receive relocation benefits to facilitate the transition.
Timeline
- 2026-10-21
CEO Chris Cocks announced the relocation plans at WBUR.
Early 2027: Staff will begin arriving at the new Boston headquarters.
Market Landscape
This move follows the pattern of companies leveraging Massachusetts' corporate tax credit incentive programs to secure prime real estate. The relocation underscores a regional trend where corporations trade established suburban bases for transit-accessible urban hubs to attract specialized talent.
Operators in the Seaport area should anticipate increased demand for lunch-hour and mid-week services as 700 employees begin their three-day-a-week office cycle. Firms should monitor how the $14 million tax credit influences local real estate valuations and commercial lease pricing for high-end office space.
The takeaway
Hasbro's arrival indicates that large-scale corporate moves are still anchored by tax incentives and proximity to transit hubs like Logan Airport. Local managers should track how the company handles the 40-mile relocation benefit threshold as a benchmark for their own employee retention strategies.
Further reading
For more on how hybrid policies are reshaping office density, see Remote Work.
Source note: This article includes information reported by The Boston Globe.
Live Poll
Do you trust companies to prioritize employee well-being when relocating their primary headquarters to another city?
