FRAMINGHAM – One of Framingham’s largest employers plans to move its headquarters to Needham.
IDG/IDC property leases its Framingham offices, and that lease will expire in early-mid 2021, said a company spoesperson.
“We have been working to find a more modern headquarters that allows all Boston-area IDG, IDC and IDG Communications employees to come together under one roof,” said Lynn Holmlund, with IDG.
“We anticipate starting to move employees in January 2021,’ said Holmlund.
She said despite the coronavirus, the plan to move to Needham is still on schedule.
IDG is one of the top 50 employers in the state and one of the top 10 in the City of Framingham.
IDG looked at both Boston & Cambridge, but eventually decided on Needham’s Innovation District.
IDG will have about 125,000 square feet space on Kendrick Street. The property is owned by Boston Properties.
UPDATED: SOURCE emailed Framingham Mayor Yvonne Spicer and the City’s Economic Development Director Kevin Shea for comment. Neither has responded as of 8:30 p.m. May 13.
IDG is currently located at 492 Old Connecticut Path in Framingham. IDG is the world’s leading technology media, data and marketing services company. The company owns IDC.
Founded in 1964, International Data Corporation (IDC) is a global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets.
With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries.