WOBURN – Alexandria Real Estate Equities has recently announced the purchase of a significant parcel of land off of Presidential Way in Woburn at the Reading and Wilmington line, largely known as the Raytheon campus.
According to disclosures, Alexandria paid $124.7 million for the parcel, which includes the two Raytheon buildings.
Raytheon, officials noted, it is not going anywhere any time soon as they reportedly have agreed to a lease on the property through 2031.
The Raytheon property sits off Presidential Way overlooking the Anderson Regional Transportation Center off Route I-93 at the interchange at the Target Department Store.
The entire area is undergoing a significant face lift as there are several projects planned for the area including the reconstruction of the New Boston Street Bridge which will reconnect…