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The BEAT Update 05/18/17

Developer backs out of deal to acquire 16.5-acre Boston Globe headquarters in Dorchester

Center Court Properties has reportedly backed out of a deal to acquire the 16.5-acre Boston Globe headquarters in Dorchester for over $80 million. “We’re enthusiastic about exploring other possibilities,” said Globe Chief Operating Officer Sean Keohan in the Globe's report. Center Court's abandonment of the deal follows Winstanley Enterprises pulling out of its' agreement to acquire the Globe property in 2015. The Globe will still move forward with its' move to a new 75,000-square-foot office at Exchange Place in the Financial District this June.

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