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Development Watch: 380-420 E Street

Boston Business Journal is reporting that Alexandria Real Estate Equities recently purchased several acres on E Street – where Boston Seaport Self Storage and a DHL Express currently reside.

The property is located at 380-420 E St. and was sold by investment management firm Centerbridge Partners for $168.5 million to Alexandria.

If Alexandria Real Estate is ringing a bell, that’s because it’s developing the property at 99 A St. with Anchor Line Partners into a life science building. Don’t forget about Coppersmith too!  Back in 2019, they also joined forces with real estate firm National Development to acquire 10 Necco St. parking garage for a whopping $81.1 million and purchased the old GE headquarters also on Necco Street for $220 million.  

National Development has also purchased many nearly 10 acres of parcels along Dot. Ave for $25 million.   

Lots and lots of changes for the neighborhood!

According to the BBJ article, the Seaport has become the second-largest lab cluster in Greater Boston, behind Cambridge’s Kendall Square.

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About the Author

Maureen Dahill

Maureen Dahill is the editor of Caught in Southie and a lifelong resident of South Boston sometimes mistaken for a yuppie. Co-host of Caught Up, storyteller, lover of red wine and binge watching TV series. Mrs. Peter G. Follow her @MaureenCaught.