Elias Demakes, with Meredith & Grew's Boston office, tellsGlobeSt.com that the information technology company relocated itsheadquarters from 19 Main St. in Watertown to the Arsenal under asublease with athenahealth Inc. because of the area's amenity-richsurroundings and the firm's desire to be near its client base inthemetro area.

Demakes, along with John Carroll III, also with Meredith &Grew, worked with Jack Kerrigan and Steve Cook, of Grubb &Ellis, to negotiate the sublease on behalf athenahealth, Inc.Kerrigan and Cook represented Liaison International. Originallybuilt in 1861 and refurbished in 2000, the property contains morethan 700,000 sf offirst class office, bio-tech and lab space alongwith amenities thatinclude sports facilities, on-site daycare andproperty management andconcierge services and a location that iswithin a five-minute drive to Harvard University, Boston College,the Massachusetts Institute of Technology and Boston andNortheastern universities.

Since last year, the Arsenal has taken on several major tenants,including Boston Sports Club and, BR+A Consulting, both of whichlease 58,000 sf in the building. When Harvard bought the buildingfor $160 million nearly four years ago, the former military base,largest speculative office redevelopment in the Greater Bostonarea, was nearly 50% vacant. By last fall, 90% of the property wasoccupied by a mix of large and small businesses.

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