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TripAdvisor Breaks Ground On New Global Headquarters

Stocks in this article: TRIP

NEWTON, Mass., Nov. 4, 2013 /PRNewswire/ --  TripAdvisor Inc. (NASDAQ: TRIP), the world's largest travel site*, together with Normandy Real Estate Partners today broke ground on its new global headquarters at Center 128 in Needham, Mass. Set to open in mid-2015, the 282,000 square-foot campus will more than double the size of the company's current space in Newton. The office headquarters will provide space to accommodate 1,500 employees including 400 new hires across engineering, product management, marketing, and sales.

(Photo: http://photos.prnewswire.com/prnh/20131104/NE10182-a )(Photo: http://photos.prnewswire.com/prnh/20131104/NE10182-b )(Logo:  http://photos.prnewswire.com/prnh/20080902/TRIPADVISORLOGO )

"We're very excited about returning to our Needham roots where TripAdvisor got its start 13 years ago," said Steve Kaufer, CEO and co-founder of TripAdvisor. "Our remarkable size and scale is a true testament to the hard work of our dedicated employees and we're thrilled to create a state-of-the-art campus that will help foster innovation as we continue to grow globally."

Steve Kaufer, CEO and co-founder, was joined by Governor Deval L. Patrick to break ground on the new building. Also joining were Julie M.B. Bradley, CFO, other TripAdvisor executives and employees; Normandy Real Estate Partners Founder and Managing Principal David Welsh, Principal Justin Krebs and Senior Vice President Mark Roopenian; and Needham town manager Kate Fitzpatrick.

"TripAdvisor's success is the example of the kind of private sector growth a little bit of public investment can catalyze," said Governor Patrick. "I thank TripAdvisor for choosing Massachusetts to shape its brand, and congratulate all of the dedicated employees who have made this day happen."

"From day one it has been a pleasure to collaborate with TripAdvisor in designing and planning this beautiful building and setting the stage for this very exciting development," said David Welsh, Founder and Managing Principal of Normandy Real Estate Partners. "Center 128 is a testament to the spirit, creative energy and tremendous renewal that is taking place across greater Boston. We look forward to working with the talented team at TripAdvisor in building on the future of Center 128 as an exceptional and sustainable workplace."

TripAdvisor's building, which will be known as 400 First Avenue, will be the first of four office buildings in the mixed-use campus being developed by Normandy Real Estate Partners.

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