American Renal signs lease at Cummings Center - Upstart Print
Courtesy of Cummings Properties.

American Renal Associates is moving its headquarters to 500 Cummings Center in Beverly, Mass.

American Renal Associates is moving to 49,000 square feet of Class A office space at 500 Cummings Center    Cummings Center Latest from The Business Journals Real Estate Transactions: Jan. 6Tax and energy credits fuel renewable projectsNorth Shore biotech incubator launches in Beverly, Mass.

One of the nation’s largest providers of outpatient kidney dialysis services, American Renal will relocate its headquarters in October from the Cherry Hill Corporate Center, also in Beverly. The company outgrew its 32,000-square-foot office.

Terms of the deal were not disclosed. But a second quarter report from Jones Lang LaSalle (NYSE: JLL) reported asking rents on the North Shore were $21.69. Cummings Center negotiated the lease with Cushman & Wakefield.

The new headquarters will provide complete support, including all back office functions, to all of American Renal’s facilities. The firm has 118 clinics in 19 states and the District of Columbia.

Built in 2004, the campus at 500 Cummings Center has a 14 percent vacancy rate.

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