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.
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