Boston, September 9, 2025
News Summary
Hasbro, the global toy and entertainment company, has announced plans to move its corporate headquarters from Rhode Island to Boston’s Seaport District by the end of 2026. This relocation will transition approximately 700 employees and involves a significant lease for a 16-story building with 265,000 square feet of space. Massachusetts has offered $14 million in tax credits to support job growth, while Rhode Island officials express disappointment over the company’s departure after a century of operations in the state.
Boston — Global toy and entertainment company Hasbro announced plans to relocate its corporate headquarters from Rhode Island to Boston’s Seaport District, with the move slated for completion by the end of 2026.
Top facts
The company will establish its new headquarters at 400 Summer St., occupying seven floors and roughly 265,000 square feet within a 16-story laboratory building. The relocation will transition about 700 full-time employees from Rhode Island to Boston. State and local economic officials described the lease as one of the largest new office deals in Boston this year. The announcement was made on Monday.
Why the move
Hasbro cited access to Boston’s broad business community, deep academic partnerships, and cultural assets as central reasons for selecting the Seaport District. Company leadership framed the relocation as aligning corporate operations with regional talent pools and innovation networks in the Northeast. The change follows earlier restructuring steps by the company, including a public indication more than a year ago of considering relocation during a period of workforce reductions intended to streamline operations.
Incentives and government response
The Massachusetts Economic Development Incentive Program is offering Hasbro $14 million in tax credits tied to job growth commitments. Massachusetts government leaders signaled support for the move and highlighted potential job creation and economic activity associated with the new headquarters.
Rhode Island officials expressed disappointment about the decision and maintained that state leaders had made offers to retain the company, including targeted tax incentives and real estate proposals. Local leaders also emphasized Hasbro’s long history in Rhode Island and warned of significant economic effects for the city where the company has been based for over a century.
Operational footprint and related locations
Hasbro’s new office will be located within a mixed-use laboratory building in Boston’s Seaport District. The company already maintains a headquarters for its gaming and digital businesses in Renton, Washington, and will continue operations across its existing business units. Hasbro also committed to maintain support for Rhode Island-based community partners, including continued backing for medical and charitable organizations that have long-standing ties to the company.
Lease and market context
Market observers noted the move adds to a pattern of major companies selecting Boston for new headquarters in recent years. Other large brands have made similar choices, contributing to a local trend of relocations that aim to tap regional talent and institutional partnerships.
Local economic and community impact
City and state officials in Rhode Island warned the relocation will have notable consequences for Pawtucket and surrounding communities where the company operates. Hasbro’s presence in the state extended for more than 100 years, supporting local jobs, suppliers, and philanthropic activity. Rhode Island economic leaders previously offered incentive packages and site options in an effort to retain the company, but those efforts did not result in a renewed commitment to remain headquartered in the state.
Timeline and next steps
Hasbro plans to complete the physical move into 400 Summer St. by the end of 2026. The company will occupy seven floors across the building’s 16 stories and consolidate key corporate functions in the new Boston location over the coming months and years as space build-out and logistical transitions are completed. State economic officials will monitor job hiring benchmarks tied to the tax credit agreement.
About the company
Hasbro is a multinational company known for a portfolio of well-known brands and entertainment properties, including Monopoly, Dungeons & Dragons, Play-Doh, and Mr. Potato Head. The company’s decision to relocate its principal corporate headquarters represents a major change in its longstanding presence in Rhode Island while maintaining other operations elsewhere in the United States.
FAQ
Where will Hasbro’s new headquarters be located?
Hasbro will locate its new headquarters at 400 Summer St. in Boston’s Seaport District.
When will the move be completed?
The move is scheduled to be completed by the end of 2026.
How much space will Hasbro occupy?
The company will occupy seven floors totaling about 265,000 square feet inside a 16-story laboratory building.
How many employees will relocate?
Roughly 700 full-time employees are expected to transition from Rhode Island to Boston.
Is the move tied to any state incentives?
Yes. The Massachusetts Economic Development Incentive Program has offered up to $14 million in tax credits based on job growth commitments.
What will be the impact on Rhode Island?
The relocation is expected to have a significant local economic impact on Pawtucket, where Hasbro has been based for over a century. Rhode Island officials expressed disappointment and had offered incentives to keep the company in state.
Will Hasbro maintain ties to Rhode Island?
The company stated continued support for local Rhode Island organizations, including ongoing backing for the Hasbro Children’s Hospital.
Quick reference table
| Item | Detail |
|---|---|
| New headquarters address | 400 Summer St., Seaport District, Boston |
| Planned completion | End of 2026 |
| Space occupied | Seven floors, ~265,000 sq ft |
| Building type | 16-story laboratory building |
| Employees relocating | Approximately 700 full-time employees |
| State incentive | Up to $14 million in tax credits (Massachusetts EDIP) |
| Current long-term location affected | Pawtucket, Rhode Island (over 100 years presence) |
| Other Hasbro locations | Gaming and digital businesses headquartered in Renton, Washington |
Deeper Dive: News & Info About This Topic
HERE Resources
Lego Group Opens New U.S. Headquarters in Boston
Boston’s Office Market Faces Challenges Amid New Developments
Hasbro Delays Headquarters Relocation Decision to Summer
Hasbro Considers Moving Headquarters from Pawtucket to Boston
Hasbro Considers Relocating Headquarters to Boston
Pawtucket Faces Uncertain Future as Hasbro Reports Revenue Drop
Additional Resources
- Boston Globe: Hasbro Moves Headquarters to Boston
- Wikipedia: Hasbro
- Turn to 10: Hasbro Relocates to Boston
- Google Search: Hasbro Move to Boston
- NBC Boston: Hasbro Headquarters Move
- Encyclopedia Britannica: Monopoly Game
- ABC6: Pawtucket Letter to Hasbro
- Google News: Hasbro Boston Headquarters
- CBS News: Hasbro Moving Headquarters
- Google Scholar: Hasbro Company History
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