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The Boston Globe

Business

PayPal move bringing tech to Financial District

One of the best-known businesses on the Internet is moving into a signature tower in the Financial District in a potential breakthrough deal for a commercial area that has been stagnant, as Boston’s legal and investment firms shrink or relocate.

PayPal, the online payment division of Internet auction pioneer eBay Inc., has signed a seven-year lease to occupy 65,000 square feet on two floors in One International Place, one of the tallest buildings in the Boston skyline. The arrival of the Web economy giant could mark a transition for the district if its property owners look for new tenants from the growing technology sector.

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