Synergy buys Dorchester tract

Synergy, a Boston-based real estate investment and development firm, said it has purchased roughly nine acres of Dorchester land that includes a Shaw's Supermarket for $34 million.

The acreage is near the JFK/UMass MBTA stop and Morrissey Boulevard, said Synergy, which added that the property also includes just over two acres of undeveloped land, two billboards overlooking Interstate 93, and a two-story office building occupied by Greater Media Inc., which, according to its website, is the Braintree-based parent company of roughly 20 radio stations in such markets as Boston, Detroit, and Philadelphia.

Synergy identified the seller as Pappas Enterprise Inc., another local real estate and development firm.

CB Richard Ellis/New England represented Pappas as a broker and procured the buyer, Synergy said.
(By Chris Reidy, Globe staff)