X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WATERTOWN, MA-Search engine marketing firm iProspect expanded its Watertown headquarters by 7,153 sf under a short-term lease deal that gives the growing Internet company 31,000 sf in the same building it has occupied for the past two years.

Debra Lee Stevens, with GVA Thompson Doyle Hennessey & Stevens’ Boston office, represented the tenant, iProspect, in the lease negotiations. She tells GlobeSt.com that the expansion almost didn’t come off because the 311 Arsenal St. building was already fully locked up with leases to other tenants.

“They were lucky to get the space,” Stevens says of the firm, recently acquired by Isobar Communications, a global digital marketing network headquartered in London.

Terms of the lease were not disclosed but Stevens says similar space in the Watertown area generally rent in the mid-$20-per-sf price range. Robert Doherty with Beal Companies, of Boston, handled the transaction for the landlord, Harvard University.

The office property, part of a nine-building complex known as the Arsenal on the Charles, counts among its tenants the Boston Sports Club, m-Qube and PharMetrics.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

 

GlobeSt

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
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.