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Dying Malls Being Converted for Offices, Life Sciences and Apartments

Watertown real estate market booming thanks to life science companies

Watertown real estate market booming thanks to life science companies
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Watertown Mall sold for $130 million to Alexandria Real Estate Equities

Watertown Mall sold for $130 million to Alexandria Real Estate Equities Wicked Local Rumors have been circulating for a while in the business community that the Watertown Mall was going to be sold, possibly to a life science developer. On April 21, the sale of the property located at 550 Arsenal St., Watertown, owned by Watertown Mall Associates Limited Partnership, to Alexandria Real Estate Equities for $130 million was electronically recorded by the Middlesex South Registry of Deeds. Alexandria Real Estate Equities has recently purchased several other properties in Watertown including Athena Health in December 2019 for $525.5 million and in July 2020 it purchased the Mount Auburn Health Club in partnership with National Development for $32 million.

Alexandria Real Estate Equities Inc (ARE) Q1 2021 Earnings Call Transcript

Alexandria Real Estate Equities Inc (ARE) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. Alexandria Real Estate Equities Inc (NYSE: ARE) Popular Searches Operator Good day, and welcome to the Alexandria Real Estate Equities First Quarter 2021 Conference Call. [Operator Instructions] I would like now to turn the conference over to Paula Schwartz with Investor Relations. Please go ahead.SPONSORED: 10 stocks we like better than Alexandria Real Estate Equities When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade,

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