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Boston & New England  + Boston  + Healthcare  | 

New Balance Acquires Vacant Site Near Boston Landing

New Balance’s property development arm has paid $35 million for a three-acre site next to its Boston Landing property in Brighton, reported the Boston Business Journal. The property at 155 N. Beacon St. was formerly owned by life sciences developer IQHQ, which is also building the Alewife Park life sciences cluster in Cambridge and a lab building on Brookline Avenue near Fenway Park.

The vacant site is permitted for a 409,000-square-foot life sciences building, although it isn’t clear if plans are still in place for that use, the Business Journal reported. Demand for lab space in the Boston area hasn’t approached the amount of new square footage completed in the past few years.

The site at 155 N. Beacon most recently included a two-story office building and an auto body shop, both of which IQHQ demolished. IQHQ had planned the development, called 4 Life, to include ground-floor retail, dining and a courtyard, among other features.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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