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REA
February 06, 2019  

Development Site Near Boston in Play

A joint venture is shopping a development site near Boston that valued at about $100 million.The 7.8-acre property, in Somerville, Mass., currently houses a 163,000-square-foot office building. Approvals are in place for a master plan to add up to 824,000 sf of office and laboratory space and a 160-unit residential building. The site is in a federally designated opportunity zone, where development projects create eligibility for breaks on...


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