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HARTFORDBUSINESS.COM | MARCH 9, 2026 7 What's Trending Pitney Bowes quietly relocates Connecticut headquarters Pitney Bowes' new corporate headquarters in Shelton, at 27 Waterview Drive. Photo | CoStar By Greg Bordonaro gbordonaro@hartfordbusiness.com M ailing and shipping tech- nology company Pitney Bowes has relocated its corporate headquarters from Stam- ford to Shelton, ending a more than century-long presence in the state's second-largest city, according to disclosures in the company's latest annual report and regulatory filings. The headquarters relocation took effect Jan. 1, 2026, according to Pitney Bowes' annual filing with the U.S. Securities and Exchange Commission. The company's new corporate address is 27 Waterview Drive in Shelton, a 310,000-square- foot office where it already maintained operations. Pitney Bowes' former head- quarters was at 3001 Summer St. in Stamford, where the company had been based since early 2014. That office closed effective Dec. 31, 2025, resulting in a $7 million abandonment charge, according to the annual report. It's not clear whether the head- quarters relocation has resulted in staffing or operational changes within Connecticut. Pitney Bowes did not respond to a request for comment. The company had been head- quartered in Stamford since its founding in 1920. Prior to moving to Summer Street, it operated from its longtime Elmcroft Road corpo- rate campus, which it sold more than a decade ago. Pitney Bowes leases its Shelton headquarters at 27 Waterview Drive. The company previously owned the property after it was constructed in 1994, but sold it for $52.3 million in 2022. Local support, fast service, and smart solutions from real people right here in your community. 413.568.1911 | 860.838.3766 | 800.995.5734 | westfieldbank.com Superior business checking. Seriously better banking. From your first cup of coffee to closing time, you're building something great. Westfield Bank is right there with you. Our low-to-no-fee business checking account options are designed to help you focus on what matters most, so you can do what you do best. Checking, Money Market, and Certificates of Deposit IOLTA and Escrow Management Accounts Westfield Bank Merchant Services Powered by Clover Business Lines of Credit and Term Loans including FastTrack Business Credit Stop by, or open an account online. © 2025 Clover Network, LLC. The Clover name and logo are registered trademarks owned by Clover Network, LLC and are registered or used in the U.S. and many foreign countries. Use of Clover requires a Merchant Processing Agreement. All trademarks, service marks and trade names referenced in this material are the property of their respective owners. 'Cultural reset' The headquarters relocation comes as Pitney Bowes continues a multiyear restructuring aimed at lowering costs and strengthening its balance sheet amid declining demand for traditional mail-related products and evolving shipping and mailing needs. The company provides mailing and shipping technology, postage meters, shipping software, mail-sorting services, and related financial offerings for business customers. In a recent letter to shareholders, Pitney Bowes CEO Kurt Wolf described the headquarters move as part of a broader effort to simplify the company's structure and streamline operations. He said the relocation aligns with what he characterized as a "cultural reset" within the organization. Pitney Bowes reported fourth-quarter 2025 revenue of $478 million, down 7% from the year-ago period. The company posted net income of $27 million for the quarter, compared with a loss a year earlier. For the full year, revenue declined 7% to $1.89 billion, while net income totaled $145 million. Pitney Bowes has undertaken multiple restructuring initiatives and leadership changes in recent years. Wolf was appointed CEO in 2025 following a proxy battle and board reconstitution. In 2024, the company sold off its struggling global e-commerce business. The company's workforce has declined over time. Pitney Bowes reported approx- imately 11,000 employees in 2023 and 10,500 in 2024. That figure fell to about 7,200 employees in 2025 and declined further to roughly 6,600 employees in its most recent annual report. Pitney Bowes maintains a global footprint that includes administrative offices, mail sortation facilities, service locations, data centers and call centers. The company said it conducts research and development activities in Shelton, as well as in Noida and Pune, India. HBJ Web Editor Andrew Larson and Staff Writer Michael Juliano contrib- uted to this story.