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

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