SOLD
Alexandria Real Estate Equities Acquires Development Site In Allston For $7M
1200 Soldiers Field Road
Development Site
700,000 SF
700,000 SF
Sold 28 days ago
Summary
Sale
MASSACHUSETTS
Development Site
700,000 sqft
The Development Site located at 1200 Soldiers Field Road in Allston, MA has been sold for $7,000,000. The property encompasses 700,000 square feet and includes plans for a mixed-use project with 85 residential units and 700,000 square feet of life science space.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $7,000,000
- Units: 85
- Price Per Unit: $82,353
- Square Footage: 700,000
- Price Per Square Foot: $10
- Address: 1200 Soldiers Field Road, Allston, MA
- Market: Allston, MA
- Buyer: Alexandria Real Estate Equities - Dean A. Shigenaga
The sale of the WBZ-TV studio site signifies a significant transaction led by Alexandria Real Estate Equities, with plans for development by National Development and Mount Vernon Company. This key collaboration sets the stage for the creation of a mixed-use project that blends residential and life science spaces.
Details
SOLD
IMAGE: Dean A. Shigenaga
DATE: 04/04/2024
ADDRESS: 1200 Soldiers Field Road
MARKET: Allston, MA
ASSET TYPE: Development Site
BUYER: Alexandria Real Estate Equities - Dean A. Shigenaga
SALE PRICE: $7,000,000
UNITS: 85 ~ PPU: $82,353
SF: 700,000 ~ PPSF: $10
NOTE: Alexandria Real Estate Equities has purchased the WBZ-TV studio site at 1200 Soldiers Field Road in Allston for $7 million, with plans by National Development and Mount Vernon Company to develop a mixed-use project featuring 700,000 square feet of life science space and an 85-unit apartment building.View on map
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Address1200 Soldiers Field Road
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