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The Boston Globe Completes HQ Sale in Dorchester


The Boston Globe Completes HQ Sale in Dorchester

Nordblom, Alcion Ventures Acquire Flex Building for $81 Million, Will Redevelop Property as Urban Innovation Campus

The Boston Globe has sold its former headquarters at 135 William T. Morrissey Blvd. in Dorchester, MA to a local venture that plans to reposition the aging flex facility as a self-described urban innovation campus.

Burlington-based developer Nordblom Co. and Boston’s Alcion Ventures paid $81 million, or approximately $115 per square foot, for the 703,000-square-foot, three-story complex, which for 59 years had housed Boston’s oldest and largest daily newspaper before the Globe relocated to its news headquarters at 53 State St., also known as 1 Exchange Place, in downtown Boston this past July.

The new ownership venture said it plans to convert the 16.5-acre site into a light industrial and office complex focused on technology and life sciences, along with restaurants, retail and potentially a craft brewery. The property provides near adjacency to the MBTA JFK/UMass station, and sits adjacent to I-93, in suburban Boston’s Roxbury/Dorchester Industrial submarket.

Please refer to CoStar COMP #4087511 for more information.

Source: The Boston Globe Completes HQ Sale in Dorchester

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