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Wednesday, November 11, 2026Commercial real estate news

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RATE WATCHDaily benchmarks 10-year Treasury4.98%+10 bpAs of Nov 10 5-year Treasury4.81%+14 bpAs of Nov 10 SOFR3.88%-1 bpAs of Nov 9 Effective Fed funds3.88%UnchangedAs of Nov 9

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Development site sale / NEWS

P&G Gillette buys South Boston development site

Breakthrough Properties sold the 2.4-acre site at 232 A St., where Gillette previously announced plans for a headquarters and innovation center.

Adrian ColeInvestment SalesNovember 13, 2026 · 2 min read

Waterfront sale

Breakthrough Properties has completed the sale of a South Boston development site at 232 A St. to P&G Gillette, REBusinessOnline reported Nov. 12. Gillette previously announced plans for a new grooming headquarters and technical innovation center at the property, part of an initiative valued at roughly $1 billion. Breakthrough Properties Completes Sale of South Boston Waterfront Development Site to P&G Gillette -

Breakthrough, a joint venture of Tishman Speyer and Bellco Capital, bought the 2.4-acre site for $80 million in 2021. It subsequently secured approval for a 325,000-square-foot research and development campus with 1.5 acres of public space, including a park along the Fort Point Channel, according to the report. Breakthrough Properties Completes Sale of South Boston Waterfront Development Site to P&G Gillette -

The sale puts the proposed headquarters site under Gillette’s ownership as the company also plans to redevelop its existing 31-acre South Boston campus into a mixed-use district. REBusinessOnline did not report the sale price or exact closing date. Breakthrough Properties Completes Sale of South Boston Waterfront Development Site to P&G Gillette -

waterfront research and development redevelopment