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Tue, Mar 26
A Compendium of Property & Capital News
Mar 26
A Compendium of Property & Capital News

Sovos Partners With Colliers, CBT on Headquarters Extension & Renovation

August 09, 2018 - By The Real Reporter
200 Ballardvale Street, Wilmington

WILMINGTON–Colliers International Boston negotiated a restriction and 8-year extension on Sovo’s headquarters, located at 200 Ballardvale Street. Colliers President, James Elcock, and Vice President, Stephen Woelfel Jr., and Tim Brodigan, led Sovos through a comprehensive exploration of the market that led to the decision. CBT Architects will assist Sovos in the redevelopment of the 50,000 sf space.

Woelfel spoke on the collaboration with Sovos. “Sovos is a dynamic software company that is expanding rapidly around the globe…we were thrilled to help them restructure and revamp their headquarter location and are excited to witness the transformation of the space into a state-of-the-art facility supporting its evolving culture.”

Sovos Vice President & General Counsel, Todd Hanna, spoke about the renovation’s impact on the company. “As a company and culture, Sovos has evolved; we wanted to create a workspace in Wilmington that better complements both our brand as a global software provider as well as our challenging and rewarding work environment…we are delighted to be able to accomplish these objectives without the disruption of a relocation,” affirmed Hanna.