Hasbro to move from Rhode Island to Boston

(NBC, KYMA/KECY) - One of the world's largest toy companies announced a move from Rhode Island to Boston.

Hasbro Inc. announced Monday it will move its headquarters to Boston, leaving its long time home of Rhode Island.

The company will occupy seven floors across 265,000 square feet in the Seaport District.

The decision ends a relocation search which started last year when Hasbro and government officials from Massachusetts met and began discussing a move.

"Really happy to see Hasbro and its 700 jobs come to Massachusetts. That was good news," said Maura Healey, Governor of Massachusetts.

Hasbro is just the latest company to start, relocate or grow in Massachusetts.

Last month, Keurig Dr. Pepper announced they are acquiring JDE Peet's coffee and basing global headquarters in Burlington.

Earlier this year, Lego opened its new U.S. headquarters in Boston and Biogen is planning a new global headquarters and innovation hub in Boston.