CBRE/New England facilitates 13,053 s/f in transactions at 711 Atlantic Avenue

On behalf of Meritage Properties and Ivy Realty, CBRE/New England completed two leases totaling 13,053 s/f have been executed at 711 Atlantic Ave. Workbar (8,033 s/f) and Minuteman Health (5,020 s/f) both signed leases at the building. CBRE/NE's Bill Crean, senior vice president/partner, and Jon Freni, vice president, represented the landlords in both of the transactions. Workbar, a network of shared, coworking office spaces, was self-represented. Newmark Grubb Knight Frank's Phil Giunta and Jeremy Roy represented Minuteman Health, a Massachusetts healthcare co-op. "We acquired 711 Atlantic Ave. due to its excellent location and unique brick and beam character," said Andrew Nathan, CEO of Meritage Props. "We are excited to continue developing the building's diverse tenant roster through WorkBar's renewed commitment to the building as well as the addition of Minuteman Health." 711 Atlantic Ave. is a brick and beam office buildings located across from South Station. Constructed in the late 1800s, the property underwent a full renovation in 2003 that included the complete modernization of the property while preserving its unique and desirable brick and beam character. More recent updates include a lobby renovation. The building's high-profile storefront and wide sidewalks makes its street and lower levels particularly well-suited for restaurant use, a concept which would add substantial value given the building's unique location in a growing 24-hour neighborhood.