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Beverly's Montserrat College of Art to lease space in People's United Bank

Posted by Terri Ogan  July 30, 2013 10:18 AM

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Montserrat New Cabot Street Building.jpg

Starting in September, Montserrat College of Art students and faculty will be united under one roof in the former wealth management side of the People’s United Bank at 248 Cabot St.

Under a newly signed lease with Goldberg Properties, the college will occupy 36,000 square feet of the building consolidating six classroom spaces formerly located in three separate buildings downtown.

Current tenants in the building, the United Way of the North Shore and Beverly Main Streets, will remain in place.

“The consolidation of classroom space in downtown Beverly shows our continued commitment to the city and the downtown," said Montserrat Presdident Steve Immerman in a recent announcement. "As active supporters of Beverly Main Streets’ initiatives to increase downtown viability, Montserrat is thrilled to move faculty, students and staff into this great Cabot Street space."

Academic departments moving into the space will be Illustration and Liberal Arts. A number of faculty and staff offices will also eventually occupy space in the building.

“We are excited to have Montserrat College take over this prominent building," Andrew Goldberg of Goldberg properties said in a recent statement. "We view the College as a huge asset and economic driver for downtown Beverly.  We wish Montserrat continued success and look forward to working with them at this new location.”
Spaces being vacated include 236 to 238 Cabot St., the Oddfellows Building at 194 Cabot St. (second floor), and 269 Cabot St.

"We are grateful to Goldberg Properties and our attorney, Trustee Miranda Gooding, for creating an agreement that works for everyone," Immerman said. "We have had many positive relationships with downtown landlords over the years, and we are very excited about our new, larger space for our community.”

Terri Ogan can be reached at oganglobe@gmail.com, or follow her on Twitter.

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