401 Park Update 01/15/21
BPDA Approves $1.52B Land Transfer Agreement for 401 Park
The BPDA approved a land transfer agreement to sell 401 Park to Alexandria Development for a record $1.52 billion. The property was acquired by Samuels & Associates for $530M in 2011 and has undergone significant renovations in recent years. Work is also underway on the site for 201 Park for a new 510,000 square foot R&D project, expected to be complete in 2022.