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P&G's Gillette closed on the 232 A Street development in South Boston for $99.29M, taking over the full site.
Breakthrough Properties paid $80M for the property in 2021 and won approval for a 325,000 SF campus.
Boston is one of four core markets that drove nearly 8M SF of life science absorption, per JLL.
P&G's Gillette has closed on the 232 A Street development in South Boston, reports Globe St. It paid $99.29M to Breakthrough Properties. The razor maker first planned a headquarters and Technical Innovation Center on the site's former parking lot. It has now taken over the entire development and pledged to invest close to $1B.
#daily #closed #paid
P&G's Gillette closed on the 232 A Street development in South Boston for $99.29M, taking over the full site.
Breakthrough Properties paid $80M for the property in 2021 and won approval for a 325,000 SF campus.
Boston is one of four core markets that drove nearly 8M SF of life science absorption, per JLL.
P&G's Gillette has closed on the 232 A Street development in South Boston, reports Globe St. It paid $99.29M to Breakthrough Properties. The razor maker first planned a headquarters and Technical Innovation Center on the site's former parking lot. It has now taken over the entire development and pledged to invest close to $1B.
#daily #closed #paid
2 months ago
