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New Balance buys land for potential $235m project
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From yesterday's Boston Herald:

New Balance has stomped out the competition for a swath of land next to its Brighton headquarters and taken the first steps toward building a proposed $235 million development off the Massachusetts Turnpike.

Jim Davis, chairman of New Balance Athletic Shoe Inc., paid $26.5 million for two properties on Guest Street, a move that puts an end to a controversial four-year effort by Lowe??s to build its first home improvement store in the Hub.

Full story here.

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