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 …
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 ›