Photo courtesy of Google Maps

After a series of high-profile dispositions in the Boston area, the nation’s largest life science developer got back in acquisition mode with a $43 million purchase on South Boston’s Dorchester Avenue.

The 1.8-acre property at 307 Dorchester Ave. property contains a 48,900-square-foot warehouse and showroom previously occupied by the seller, building supplier F.W. Webb Co.

F.W. Webb is relocating to a newly-constructed distribution center and retail showroom at 101 Hampden St. in Boston’s Newmarket.

The Stubblebine Company/CORFAC International represented the seller in the Dorchester Avenue transaction.

The industrial corridor along Dorchester Avenue in South Boston has attracted a who’s who of major developers in recent years seeking opportunities to develop labs, offices and multifamily housing replacing warehouses and surface parking.

Boston-based HYM Investment Group made its first investment in the neighborhood in January, paying $25 million for a group of commercial properties at the corner of Old Colony Avenue and Dorchester Avenue where it’s planning to propose a redevelopment.

This month, the Boston Planning & Development Agency approved the first two buildings within Core Investments’ 3.8 million-square-foot On the Dot project, creating 331 apartments at 495 Dorchester Ave.

National Development received approval for its 1.1 million-square-foot Iron Works project on a nearby section of the Dorchester Avenue corridor in 2021.

After an aggressive acquisition and development strategy in Greater Boston, Alexandria started to pull back in 2023 as the gap widened between lab development and life science industry demand. The Pasadena, California-based REIT began divesting non-core properties and development sites, reaping $875 million from the sale of properties in Cambridge, Newton, South Boston and Waltham.