27 Drydock Avenue Update 12/20/16

Related Beal acquires 286,160 square foot Seaport R&D building for $146.5 million


Related Beal has acquired 27 Drydock Avenue, a 286,160 square foot research and development (R&D) building in the Seaport District, for $146.5 million, or about $512 per square foot. With the acquisition of 27 Drydock Avenue, Related Beal has assumed the property’s ground lease from the City of Boston’s Economic Development and Industrial Corporation. The ground lease which was recently extended through 2086.

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