Alexandria Real Estate Equities Acquires Industrial Property In South Boston For $43M

The industrial property located at 307 Dorchester Avenue in South Boston, MA has been sold in a closed transaction. The property spans 48,900 square feet and was sold at a price of $43,000,000, resulting in a price per square foot of $879. The sale was facilitated by David Skinner of Prescott Advisory, who represented the seller, FW Webb Company. David Stubblebine of The Stubblebine Company acted as the buyer's representative, representing Alexandria Real Estate Equities.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $43,000,000
• Address: 307 Dorchester Avenue, South Boston, MA
• Market: South Boston, MA
• Buyer: Alexandria Real Estate Equities
• Seller: FW Webb Company
• Buyer's Representative: David Stubblebine - The Stubblebine Company
• Seller's Representative: David Skinner - Prescott Advisory
• Total Square Feet: 48,900
• Price per Square Foot: $879

David Stubblebine of The Stubblebine Company and David Skinner of Prescott Advisory played pivotal roles as the buyer's representative and seller's representative, respectively. They were instrumental in facilitating the successful sale of the industrial property at 307 Dorchester Avenue in South Boston, MA.