News: Front Section
Posted: July 22, 2016
Burgess and Nohrden of Burgess Properties Inc. arrange $3.65 million building sale
Steve Nohrden, Burgess Properties
Phil Burgess, Burgess Properties
Chelsea, MA Burgess Properties Inc., one of Greater Boston’s premier suburban commercial brokerage firms, has sold a 33,515 s/f industrial building for $3.65 million. The warehouse/distribution facility is located in the city’s Airport Related Overlay District, minutes from Logan Airport.
3-7 Griffin Way - Chelsea, MAThe seller was Stoneham-based Brickpoint Properties and the buyer was Chelsea-based commercial bakery, Golden Cannoli. Golden Cannoli Shells Co. is one of the country’s largest cannoli shell producers and they purchased 3-7 Griffin Way in order to keep up with its increasing business demands.
Steve Nohrden and Phil Burgess of Burgess Properties, Inc. were the sole brokers in the transaction.
Founded in 1997, Burgess Properties is one of Greater Boston’s premier suburban full-service commercial brokerage firms specializing in the sale and leasing of office, industrial and other commercial properties.
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While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
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