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Watertown, Mass. — National Development has purchased Watertown Mall, a 260,867-square-foot shopping center located about six miles northwest of Boston, with plans to enhance the property and continue its operation as a retail destination, as confirmed in a statement by the regional owner-operator. According to reports from multiple publications, including Axios and the Boston Business Journal, the sales price was approximately $100 million, and the purchase represents a split from an original plan to repurpose the property to support life sciences usage. Best Buy and Target are the current anchors of Watertown Mall. Alexandria Real Estate Equities was the seller.