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Two Tenants Take 120,000 SF at 311 Arsenal

WATERTOWN, MA-Two tenants sign on to lease nearly 120,000 sf of space at 311 Arsenal. Along with another potential 100,000-sf lease, the 366,000-sf building, which is located in the Arsenal on the Charles and was nearly vacant three years ago, will be 90% occupied.

By Naomi Grossman | Updated on September 10, 2004

WATERTOWN, MA-Two tenants have signed on to lease nearly 120,000 sf of space at 311 Arsenal, the 366,000-sf building in the Arsenal on the Charles. Another tenant has signed a letter of intent to lease 100,000 sf in the building and, if that deal goes through the building, which was nearly vacant three years ago, will be 90% occupied.

Boston Sports Club is leasing 58,000 sf on the first floor of the building for a 15-year term. Bob Fitzgerald of NAI Hunneman represented the tenant in the deal, while Bob Doherty, vice president of brokerage, and Steve Faber, vice president of asset management, both of the Beal Cos., represented property owner Harvard University.

In the second deal, BR+A Consulting is leasing 58,000 sf on the second and third floors of the building. The company is relocating from Soldiers Field Road in a substantial increase in its space. Doherty along with Peter Nichols, senior vice president and partner of the Beal Cos., represented Harvard in the transaction and procured the tenant.

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