Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WATERTOWN, MA-athenahealth Inc., inked a deal for 133,000 sf here at the Arsenal on the Charles to accommodate its recent growth. The firm, which provides online revenue cycle optimization services for medical practices, signed a 10-year deal with Harvard University, which owns the property.

“athenahealth is growing rapidly,” Jonathan Bush, president and CEO, tells GlobeSt.com. “We needed a large block of space, but wanted a property with character and the access to local amenities we had grown accustomed to.” Over the course of the last year the company has added more than 2,800 new doctors to its web-based revenue cycle program and almost 100 employees.

Arsenal on the Charles is a 37-acre, 11-building property with approximately 750,000 sf of office/retail space. Acquired by Harvard in 2001, the complex has off-site access to Arsenal Park and proximity to the Arsenal Mall shopping center and the Watertown Mall. It also includes a private shuttle bus to Harvard Square and other amenities such as restaurants, banking and a private day care center.

Athena’s space at the Arsenal includes a flagship stand-alone 22,000-sf building, in addition to a 111,000-sf main building. Arsenal on the Charles now has an occupancy rate of 91%, with the lease deals for the Boston Sports Club, which took 57,000 sf, and now athenahealth, which is scheduled to begin occupancy in May.

Jack Kerrigan, executive vice president, Steve Cook, vice president, and John McDonough, vice president of Grubb & Ellis, represented athenahealth. Steve Faber, vice president of asset management, and Bob Doherty, director of leasing from Beal Cos., represented Harvard University.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.