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Tishman Speyer, Breakthrough Snap Up Last Parcel in Boston’s 100-Acre Master Plan
Tishman Speyer and Breakthrough Properties acquired a 2.5-acre development site in South Boston’s Fort Point waterfront district. The site is the final waterfront parcel to be developed as part of the city’s 100-Acre Master Plan, which was adopted in 2007.
An affiliate of Breakthrough Properties acquired the site, bounded by A Street, Binford Street, the Fort Point Channel and Gillette’s manufacturing campus along the South Boston waterfront, from P&G/Gillette. Breakthrough Properties is a joint venture formed by Tishman Speyer and biotechnology investment firm Bellco Capital. JLL represented P&G in the sale.
“The Fort Point neighborhood is a vibrant nexus of arts and innovation and we are grateful to P&G/Gillette for this opportunity,” said Tishman Speyer president and CEO Rob Speyer. “We look forward to working with the community on a project that makes the waterfront more accessible, enhances climate resiliency, and fulfills the vision of the 100 Acres Master Plan.”
- ◦Sale/Acquisition
- ◦Development
