Flurry of Leasing at The Arsenal on the Charles in Watertown
The Beal Companies signs four new leases
BOSTON, MA, October 20, 2003- The Beal Companies, LLP a Boston-based real estate and investment firm since 1880, is pleased to announce four new leases have been signed at The Arsenal on the Charles in Watertown, MA.
PharMetrics, Inc., has committed to a five year, 22,000 square feet. "We looked at many suburban office spaces and none of them offered the same value, look and feel, and comfort that was so appealing to our employees and customer base as The Arsenal had to offer" said David Lubner, PharMetric's Chief Financial Officer. PharMetrics, Inc. builds products and services to meet the needs of the pharmaceutical industry and clinical research organizations (CROs), as well as managed care plans and other organizations at risk for healthcare cost, quality and safety.
"The Arsenal offered PharMetrics the opportunity to expand their space in a first class office environment with a unique campus setting" said John Butterworth, Vice President with Meredith & Grew, who represented the tenant.
ArcStream Solutions, Inc., represented by Jim Elcock, Executive Vice President with Meredith & Grew has leased 8,300 square feet for eigtheen months. Founder and CEO, John Keane, was swayed by "the Arsenal's great location - central to Boston and the western suburbs."
Carlson Software, a Maysville, KY company, has leased 2,500 square feet for 5 years. Carlson Software develops software for surveyors, civil engineers, mining, construction, waste control, machine control as well as accident reconstruction.
Innosight, a consulting firm to better manage the innovation process, has leased 1,200 square feet for 5 years.
Molly Walker, Director of Leasing for The Beal Companies, LLP represented the landlord. The Beal Companies is a Boston based real estate and investment firm actively pursuing investments in all segments of the real estate industry throughout the country. Activities include the acquisition and development of commercial, historic and residential properties, asset management for The Beal Companies and others, brokerage and consulting, appraisal and tax assessment, as well as financing and construction management services.
The Arsenal on the Charles is the largest speculative office redevelopment in the Greater Boston area. The Arsenal offers tenants a unique campus environment inside of Route 128 with abundant green space, including the existing Olmstead Gardens. The historic buildings are fully renovated while preserving the architectural integrity of the structures. This self-contained campus community is focused around a large central plaza with a European-style fountain and 19th Century architectural details. It offers more than 700,000 SF of flexible, first-class space on 37 beautifully landscaped acres.