Sale of Watertown Arsenal to Athenahealth Finalized

The company purchased the Arsenal on the Charles Complex from Harvard University.

Sale of Watertown Arsenal to Athenahealth Finalized

The company purchased the Arsenal on the Charles Complex from Harvard University.

The sale of the Arsenal on the Charles complex by Harvard University to athenahealth has been finalized. The 760,000 square foot, 11-building complex was purchased for $168.5 million, according to a report on Market Watch.   News of the sale first came out in December 2012. Harvard purchased the former U.S. Army complex in 2001 for $162.6 million. It used to be known as the Watertown Arsenal and served as a military munitions manufacturing facility. Athenahealth, which specializies in cloud-based health care services, already uses 330,000 square feet of the site.  The tech company moved to the Arsenal on the Charles in 2005 when it moved into 133,000 square feet of space, and it reportedly sought 500,000 for its new headquarters, according…

• Photos (2)

Athenahealth Buying Arsenal on the Charles in Watertown from Harvard University

The health care technology firm will purchase the 11-building complex in Watertown that used to be an Army facility.

The Arsenal on the Charles will have a new owner, as Athenahealth has an agreement with Harvard University to purchase the 11-building complex along Arsenal Street in Watertown. The company, specializing in cloud-based health care services, already has its headquarters in the former U.S. Army facility, and will purchase the other building for $168.5 million, according to a report in the Boston Herald. Carolyn Reckman, Athenahealth's director of environment, told the Herald that the purchase will give the 15-year-old company the flexibility and space that it needs to grow. The Arsenal on the Charles is home to more than 20 other businesses and groups, including the Bright Horizons and Harvard Business School Publishing. Athenahealth uses …

•  13 Comments
• Photos (2)

Charlie Breitrose

11:46 am on Wednesday, January 2, 2013

Karl - I recall when they discussed the Harvard/O'Neil Funds this year that the 50 agreement goes as long as Harvard owns the property. I also talked to some town officials to make sure that was the case - which it sounds like it is.   more ›

What Should Go Here?: Space in the Arsenal on the Charles

A building in the old Watertown Arsenal seeks a new tenant, any ideas?

A building in the Arsenal on the Charles currently sits empty and is in need of a new tennant.  The former U.S. Army facility has been turned into space for offices, an arts center, restaurants and more. The building sits behind the parking garage.  A variety of companies have moved into the complex, most recently the Netwatch USA.  What kind of company, facility or other organization should move into the space? Share your thoughts in the comment section below.

• Photos (1)

Netwatch USA Moves Its Offices to Watertown's Arsenal on the Charles

The company relocated from Medford, and plans to add more jobs.

  Remote visual surveillance company Netwatch USA will move from its temporary space in Medford into the Arsenal on the Charles in Watertown. According to a release announcing the move, the company chose the location at 2  Kingsbury Avenue, "due to its accessibility to metro Boston and the Route 128 technology belt." Managers of the office complex on Arsenal Street welcomed the new addition. “Netwatch USA is a perfect addition to the Arsenal, located in the heart of the East Coast’s center for technology and R&D,” said Suzanne Alter, general manager of the Arsenal on the Charles. “The company will join Harvard and a bustling technology industry in greater Cambridge. We’re certain that its new location will allow Netwatch to maintain its …

• Photos (1)