Peter M. Moglia Sells South Boston Development Site For $13.35M To Verndale

The transaction involves the sale of a development site located at 99 A Street in South Boston, MA. The property was sold by Peter M. Moglia of Alexandria Real Estate Equities for $13,350,000.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $13,350,000
• Seller: Peter M. Moglia - Alexandria Real Estate Equities
• Buyer: Verndale
• Buyer's Line of Business: Digital experience agency

The deal involved the divestment of a collection of South Boston parcels along West Third & A Street from Alexandria Real Estate Equities to Verndale, a digital experience agency, for $13.35 million.