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.