News: Front Section
Posted: April 23, 2015
Burgess and Nohrden of Burgess Properties Inc. handle $4 million sale
Burgess Properties Inc., one of Greater Boston's premier commercial brokerage firms, has brokered the $4 million sale of 150 Eastern Ave., to the principals of Eagle Air Freight. The seller was Prologis.
150 Eastern Ave. is an air-freight warehouse building located across the Chelsea Creek Bridge from Logan Airport. Consisting of 30,000 s/f of office space and 30,000 s/f of warehouse space, it has long occupied a prominent place in the Boston air-freight market.
According to Phil Burgess, "After a decade of decline, the recent resurgence in area manufacturing has marked the beginning of what we hope will be a strong and lasting recovery in the air-freight market in Boston. As the primary trucking company serving Boston's air-freight community, it made sense for Eagle Air Freight to step up and purchase the property at this time."
Burgess and Stephen Nohrden of Burgess Properties brokered the transaction.
Founded in 1997, Burgess Properties is a full-service commercial brokerage firms specializing in the sale and leasing of office, industrial and other commercial properties.
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Columns and Thought Leadership
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in