Business

Hasbro is relocating its headquarters to Boston’s Seaport

After nearly 100 years in Rhode Island, the iconic toy maker is making a high-profile move to Massachusetts.

The exterior of Hasbro’s location in Pawtucket, Rhode Island. Jonathan Wiggs for The Boston Globe

September 8, 2025

1 minute to read

After over a century in Rhode Island, Hasbro is relocating its headquarters to Boston’s Seaport, the toy company announced Monday.

In a release, the company stated that 400 Summer St. will be the headquarters for its toys, board games, licensing businesses, and most corporate services. The company will occupy seven floors, across 265,000 square feet, in a building developed and owned by WS Development.

The new space will house roughly 700 full-time employees transitioning from Rhode Island to Boston by the end of 2026.

“We are thrilled that Hasbro has chosen Massachusetts as the home of its new headquarters, and we’re ready to support the hundreds of jobs they will create here,” Gov. Maura Healey said in a statement.

She continued, “We’re proud to welcome this iconic company to Team Massachusetts.”

Mayor Michelle Wu also supported the company’s move to Boston in a statement, saying she looks forward to Hasbro’s transition to Boston and partnership with the city.

Hasbro also has headquarters for its gaming and digital businesses in Renton, Washington, where it has over 500 employees.

“Boston’s thriving business community, deep academic partnerships, and cultural vibrancy, together with our Seattle team’s leadership in technology, creativity, and innovation, give Hasbro an unparalleled foundation for growth,” Hasbro CEO Chris Cocks said in a statement. “Together, these offices will fuel the next chapter of Hasbro.”

Hasbro, known for brands such as Monopoly, Dungeons & Dragons, Play-Doh, and Mr. Potato Head, first made rumblings of its potential move over a year ago when it announced layoffs to streamline operations.

Hasbro is the latest company to choose to do business in the state. Last month, Keurig Dr Pepper said it is acquiring JDE Peet’s and basing its global headquarters for the Global Coffee Co. in Burlington, Massachusetts.

LEGO opened its new U.S. headquarters in Boston earlier this year, and Biogen is planning a new global headquarters and innovation hub in Kendall Square.