“The consolidation of classroom space in downtown Beverly shows our continued commitment to the city and the downtown,” Immerman said in a prepared statement. “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.”
Immerman thanked Goldberg Properties and the college’s attorney, Miranda Gooding, who is also a trustee, for coming up with a workable agreement for all parties.
“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,” Immerman said.
“We view the college as a huge asset and economic driver for downtown Beverly,” said Andrew Goldberg of Goldberg Properties in a statement. “We wish Montserrat continued success and look forward to working with them at this new location.” Goldberg Properties also owns 236-238 Cabot St., and Goldberg said in an interview that there is interest in these spaces, especially with Montserrat taking such a large space downtown.
“It’s going to make the interest higher,” Goldberg said.
Montserrat was founded in 1970, and today has about 380 students and 63 faculty members.
Beverly-based Goldberg Properties acquired the wealth management building next to the iconic former Beverly National Bank building from People’s United for $1.4 million in October 2012.
The college’s plans do not involve the bank building at 240 Cabot St., which Goldberg also purchased for $1.4 million at the same time. Beverly National expanded to this second building in 1984. People’s United acquired the two buildings when it bought the former Danversbank in June 2011, after Danversbank bought Beverly National in 2009.
Staff writer Ethan Forman can be reached at 978-338-2673, by email at firstname.lastname@example.org or on Twitter at @DanverSalemNews.