REBusinessOnline

Burgess Properties Brokers Sales of Two Industrial Buildings in Metro Boston for $17.5M

CHELSEA, MASS. — Burgess Properties LLC has brokered the sales of two industrial buildings located in the northeastern Boston suburb of Chelsea for a combined $17.5 million. The first property at 3-7 Griffin Way spans 33,515 square feet and features a clear height of 20 feet. Oliver Street Capital purchased that asset for $10 million. The second building at 25 Griffin Way totals 25,000 square feet and features a clear height of 27 feet. That property sold to an undisclosed, Boston-based investor for $7.5 million. Steve Nohrden of Burgess Properties brokered the deals. The sellers in both transactions requested anonymity.

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