Hasbro, the century-old company behind childhood favorites like Monopoly and Play-Doh, is leaving Rhode Island and moving to Boston.The company announced plans Monday to relocate its Pawtucket operations to 400 Summer Street in Boston’s Seaport District.”This new location will be the primary headquarters for Hasbro’s toys, board games, and licensing businesses, and a majority of its corporate services,” the company said.The new home of Hasbro will occupy seven floors and 265,000 square feet of the office building. Company officials said that at least 700 full-time employees are expected to move from Rhode Island to Boston by the end of 2026. Meanwhile, the company pledged that its ties to Rhode Island will “remain strong.””The company plans to continue to support Hasbro Children’s Hospital with annual donations and will keep recruiting from Rhode Island’s colleges and universities—honoring the legacy of the Hassenfeld family’s deep roots in the state. For more than a century, Hasbro has grown alongside the community, and that commitment continues today,” the company statement said.Hasbro will be the second toy company to move to Boston in recent years, following LEGO, which is moving into the new building at 1001 Boylston Street. Hasbro’s other hub is located in Seattle, where the company operates franchises including “Magic: The Gathering” and “Dungeons & Dragons,” as well as Hasbro’s expanding digital gaming and technology operations. “Hasbro is building a structure that strengthens speed, agility, and innovation. Boston and Seattle are two of the nation’s leading innovation and tech centers, serving as talent magnets that will help Hasbro harness the full power of the company’s portfolio and unlock growth in both physical and digital play,” the company statement said.

BOSTON —

Hasbro, the century-old company behind childhood favorites like Monopoly and Play-Doh, is leaving Rhode Island and moving to Boston.

The company announced plans Monday to relocate its Pawtucket operations to 400 Summer Street in Boston’s Seaport District.

“This new location will be the primary headquarters for Hasbro’s toys, board games, and licensing businesses, and a majority of its corporate services,” the company said.

The new home of Hasbro will occupy seven floors and 265,000 square feet of the office building. Company officials said that at least 700 full-time employees are expected to move from Rhode Island to Boston by the end of 2026.

Meanwhile, the company pledged that its ties to Rhode Island will “remain strong.”

“The company plans to continue to support Hasbro Children’s Hospital with annual donations and will keep recruiting from Rhode Island’s colleges and universities—honoring the legacy of the Hassenfeld family’s deep roots in the state. For more than a century, Hasbro has grown alongside the community, and that commitment continues today,” the company statement said.

Hasbro will be the second toy company to move to Boston in recent years, following LEGO, which is moving into the new building at 1001 Boylston Street.

Hasbro’s other hub is located in Seattle, where the company operates franchises including “Magic: The Gathering” and “Dungeons & Dragons,” as well as Hasbro’s expanding digital gaming and technology operations.

“Hasbro is building a structure that strengthens speed, agility, and innovation. Boston and Seattle are two of the nation’s leading innovation and tech centers, serving as talent magnets that will help Hasbro harness the full power of the company’s portfolio and unlock growth in both physical and digital play,” the company statement said.