Mass Bay Credit Union has put its headquarters property in South Boston on the market, seeking to capitalize on the A Street corridor’s growing development potential.

Colliers International is marketing the 147 West Fourth St. property, which contains the 22,000-square-foot credit union headquarters and 85 surface parking spaces on a 1.05-acre site. The buyer would be required to incorporate the credit union’s space in the new development.

Office, lab and multifamily developers are looking to the neighborhood near the Broadway MBTA station for growth, with Alexandria Real Estate Equities and Anchor Line Partners proposing a 210,000-square-foot office and lab building at 99 A St. to accommodate the life science industry’s expansion.

The property is within the Boston Planning and Development Agency’s South Boston Dorchester Avenue planning initiative district, which has recommended rezoning the largely industrial corridor for higher-density residential, commercial and mixed-use projects.

Colliers’ multifamily advisory group led by Chris Sower is representing the credit union in the disposition.

Credit Union Offers Southie 1-Acre Property for Redevelopment

by Steve Adams time to read: 1 min