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Related Beal, through its real estate investment fund Related Real Estate Fund II, purchased the Drydock Center at 27 Drydock Ave. in Boston from North Star for $146.5 million, or approximately $522 per square feet.
Built in 1913, the 286,000-square-feet research and development building stands eight stories high on a 1.7-acre lot. The building serves as a lab, innovation and technology center.
Tenants include leading healthcare, pharmaceutical…