GE has signed a 12-year lease for the refurbished Necco brick buildings for its permanent HQ space. The two brick buildings include 95,000 square feet of space, with a bistro on the first floor, and will house GE’s senior executive team and approximately 250 GE employees. A rendering of GE’s headquarters.

BOSTON—A joint venture of Alexandria Real Estate Equities, National Development and its private equity affiliate Charles River Realty Investors has signed a deal to acquire the 2.7-acre Fort Point headquarters property of GE in a deal valued at $252 million.

The agreement calls for the joint venture to purchase the 5 and 15 Necco Street buildings from GE and MassDevelopment. Alexandria Real Estate Equities is headquartered in Pasadena, CA, National Development is based in Newtown Lower Falls, MA.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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