A National Development subsidiary has added another parcel to the collection of industrial buildings it owns near South Boston’s Andrews Square.
As Banker & Tradesman first reported in August 2018, the Newton-based firm is assembling the parcels for a large development project.
A 2016 study by the Boston Planning and Development Agency projected a rezoning proposal it is working on could generate as much as 16 million square feet of new development on 144 acres between the MBTA’s Broadway and Andrew stations over the next 20 years.
285 Washington St. was sold to SB Gateway IV LLC for $12.5 million on Feb. 27, according to documents filed with the Suffolk County Registry of Deeds. The 0.37-acre plot sits at the intersection of Dorchester Avenue and Old Colony Avenue and is currently occupied by Hong Kong Food, a produce wholesaler.
The Newton-based development firm bought a pair of contiguous 663-365 and 345 Dorchester Ave. parcels, which span nearly 4.3 acres, in September of last year.