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New York-based Related Beal, under the real estate investment fund Related Real Estate Fund II, purchased the Drydock Center located at 27 Drydock Ave in Boston for $146.5 million, or approximately $522 per square feet. The building is currently 84 percent occupied.
Built in 1913, the 286,000-square-feet research and development building stands 8 stories high on a 1.7-acre lot. The building serves has a great lab, innovation and technology center…