BOSTON — Breakthrough Properties, which is a joint venture between New York City-based Tishman Speyer and Bellco Capital, has completed the sale of a development site at 232 A St. in South Boston to P&G Gillette. The locally based shaving products company previously announced plans to establish its new Grooming Headquarters & Technical Innovation Center at the site, an initiative valued at roughly $1 billion.Breakthrough originally acquired the 2.4-acre site in 2021 for $80 million and subsequently secured approval for a 325,000-square-foot research and development campus with 1.5 acres of public space, including a waterfront park on the Fort Point Channel. Jonathan Varholak of CBRE led the brokerage team that facilitated the land sale.
