West Concord, MA According to Avison Young, Orangetheory Fitness, a leading group personal training fitness studio, had signed a lease for 3,678 s/f at Brookside Sq., located at 50-70 Beharrell St.
Brookside Sq. is the town’s newest transit-oriented development. Offering 36,000 s/f of commercial space and 74 luxury apartments, the property features outdoor courtyards with views of the Nashoba Brook and nearby walking trails. Located at the center of town, the development is surrounded by independently owned shops, restaurants and bakeries. The site also abuts the MBTA West Concord Commuter Rail station, as well as the Bruce Freeman bike path.
Avison Young principals Jack Kerrigan and Steve Cook, along with associate Virginia Kerrigan, who are all based in the firm’s Boston office, represented the landlord, a partnership between Oaktree Development, Patrick Cleary of FX Investments and The Boynton Company, in the transaction. Avison Young Principal Jeff Arsenault, who is also based in Boston, represented Orangetheory Fitness.
“Orangetheory has been expanding and opening new studios across the greater Boston area,” comments Arsenault. “Brookside Square’s accessibility and new, modern construction offered the perfect location for the next group fitness studio.”
Orangetheory Fitness joins Tripleseat Software and Pure Barre in the building.
Oaktree FX is a joint venture between Oaktree Development and Patrick Cleary of FX Investments. Oaktree was originally founded as Unihab, Inc. in 1969 as a design/build company specializing in factory-produced, urban, multi-family housing with a vision of maximizing quality and value by emphasizing good design. All the company’s projects embody a sense of community not often found in residential development. . www.oakdev.com
FX Investments is a real estate company that employs a thorough understanding of regional market dynamics across the disciplines of multi-family, mixed-use, retail, and hospitality to develop the most appropriate use, or mix of uses, for its projects.
Avison Young is one of the world’s fastest-growing commercial real estate services firms. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,400 real estate professionals in 78 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.
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