New Balance has purchased another two acres of property next to where it recently began building a $500 million complex in Brighton, according to The Boston Herald.
New Balance paid about $10 million for 125 Guest St. to the owners, according to state records of the deal that closed Jan. 31.
“This property was a good opportunity to aggregate additional square footage that serves as a gateway parcel to our current Boston Landing development,” New Balance spokeswoman Amy Dow said in a statement released to The Boston Herald. “At this point, we do not have specific plans for the property.”
Breaking ground in September, the 1.45 million-square-foot health and wellness district will include a new company headquarters, state-of-the-art athletic complex, hotel, restaurants, retail space and parking.
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