BOSTON–The Stubblebine Company/CORFAC International announced that the company has sold 307 Dorchester Avenue in Boston MA to Alexandria Alexandria Real Estate Equities for $43 million.
The 48,900-square-foot industrial showroom building is located on a 1.8-acre parcel of land It is a former FW Webb site.
The property was not publicly marketed. The closing of the transaction coincides with F.W. Webb’s opening of a larger store and showroom at 58 Hampden Street, a 3.4 acre parcel in the Roxbury neighborhood of Boston which The Stubblebine Company also sold in a separate transaction recently for $25,000,000.
David Stubblebine, President, Co-Founder, and Principal of the Stubblebine Company, represented the Buyer in this transaction. The seller was represented by David Skinner.