Center Court Properties and POB Capital acquire 2.25-acre Dorchester parcel for $14.5 million
Center Court Properties of New York, who recently backed out of a deal valued at upwards of $80 million to acquire the 16.5-acre Boston Globe headquarters in Dorchester, has acquired the 2.25-acre parcel at 75 Morrissey Boulevard, located adjacent to the Globe's site, in partnership with POB Capital of Chicago for $14.5 million. The sale amounts to nearly $6.5 million per acre. The site's seller is automotive dealer Herb Chambers, who had proposed to construct a new Jaguar-Land Rover dealership on the site. Chambers acquired 75 Morrissey Boulevard for $3.8 million, or around $1.7 million per acre, in 2011. Center Court is the developer of Archer | Donahue in Beacon Hill, a luxury residential development that is expected to break ground this year.
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