On The Dot Update 10/19/18

Andrew Square Parcel Refinanced for $64.5 Million

Core Investments has refinanced the property at 4 Alger Street for $64.5 million via LoanCore.

The property features a single story 95,600 square foot warehouse facility that was most recently used by Blue Cross & Blue Sheild for medical storage. The building was constructed in 1940 and sits on a 3.97-acre parcel.

The site is 15.07 acres of developable land located in the heart of Andrew Square owned by Core Investments, some owned jointly with Ad Meloria. The land includes 10.57 contiguous acres located at 475-511 Dorchester Avenue with frontage on Southampton Street, and a second 4.5-acre site, 371-385 Dorchester Avenue, located one parcel away. The land is located steps to MBTA Red Line rapid transit service to Downtown Boston and Cambridge. 

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