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A heavyweight life science developer is looking at the Watertown Mall for new lab space
It could be another big real estate deal in the region’s booming life sciences industry
By Tim Logan Globe Staff,Updated February 28, 2021, 3:01 p.m.
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An empty storefront at Watertown Mall, which opened in the mid 1970s.David L. Ryan/Globe Staff
WATERTOWN — An aging mall in a hot part of Greater Boston’s exploding life sciences industry could soon be reconfigured as . what else? Lab space.
Heavyweight life science developer Alexandria Real Estate Equities has a deal in place to buy the Watertown Mall, according to four real estate industry executives familiar with the deal. The sale has not closed, and thus could yet fall through, but if it goes through, the deal would represent the latest burst in an explosion of life sciences development along Arsenal Street in Watertown’s East End. ....

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