Harian foormusique.biz

foormusique.biz: Toast moving across town to Fort Point for its new headquarters

Untung99 menawarkan beragam permainan yang menarik, termasuk slot online, poker, roulette, blackjack, dan taruhan olahraga langsung. Dengan koleksi permainan yang lengkap dan terus diperbarui, pemain memiliki banyak pilihan untuk menjaga kegembiraan mereka. Selain itu, Untung99 juga menyediakan bonus dan promosi menarik yang meningkatkan peluang kemenangan dan memberikan nilai tambah kepada pemain.

Berikut adalah artikel atau berita tentang Harian foormusique.biz dengan judul foormusique.biz: Toast moving across town to Fort Point for its new headquarters yang telah tayang di foormusique.biz terimakasih telah menyimak. Bila ada masukan atau komplain mengenai artikel berikut silahkan hubungi email kami di [email protected], Terimakasih.

The restaurant tech company Toast Inc. has picked a new spot to store its peanut butter and jelly.

Toast has subleased 101,735 square feet at 333 Summer St., a yellow brick-and-beam former textile mill in Boston’s Fort Point section, for its new headquarters. The space was formerly the headquarters of IT support company GoTo Group Inc., which rebranded from LogMeIn last February following its $4.3 billion takeover by private equity firms. Toast plans to open the office early next year, and its sublease extends through June 2028.

“Finding a new headquarters in Boston with flexible spaces to support our growing business and our collaborative way of working was essential,” said Beth Choulas, vice president of global real estate and workplace experience at Toast, in a statement. “We are eager to explore all that the Seaport offers — especially the restaurants.”

A downtown headquarters deal has been a rare sight this year. Toast had previously occupied around 132,000 square feet at 401 Park Dr. in Fenway, an art deco former Sears warehouse that had been converted to office and retail space. Toast moved to 401 Park in 2015, and expanded its office footprint in the building four times before the COVID-19 pandemic hit. But since 2019, it has been scaling back.

The company in June said it would vacate 110,000 square feet at the building, paying landlord Alexandria Real Estate Equities $16 million to break the lease early and hunt for a smaller office. The company will pay $17 million to its Fort Point landlord, ASB Real Estate Investments, through the sublease term, according to a securities filing.

In a Tuesday announcement, Toast touted 333 Summer’s proximity to South Station and Boston Logan International Airport. The company plans for the office to have “flexible spaces geared toward building community … and supporting a hybrid way of working,” community space, and a gym and basketball court.

The move comes after Toast came under pressure from Wall Street to reach profitability more quickly. Toast’s revenue increased 49 percent to $1.8 billion in the first half of the year, while operating expenses grew 38 percent to $555 million. On Tuesday, the company said it forecast to be profitable on a cash flow basis excluding some costs for the full year.

Toast’s stock price, which had gained 12 percent so far this year before its earnings announcement Tuesday evening, closed Wednesday up nearly 15 percent.

Still, at less than $24, the stock price remains well below the company’s $40 per share initial offering price when it went public in September 2021.

Toast said it had about 4,500 employees worldwide, the same number of workers it reported at the end of 2022.

Catherine Carlock can be reached at [email protected]. Follow her @bycathcarlock. Aaron Pressman can be reached at [email protected]. Follow him @ampressman.