BOSTON (CBS) – A Boston parking lot on the corner of Newbury and Dartmouth streets has been sold for $40 million.

A Chicago investment firm, which specializes in retail development, bought the family-owned lot.

This parking lot on Newbury and Dartmouth streets has sold for $40 million. (WBZ-TV)

The parcel is one-third of an acre and has been a parking lot since 1950.

There’s no word on what the company plans for the lot.

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