News: Front Section
Posted: November 3, 2017
Burgess Properties handles sale of two Chelsea properties totaling $7.025 million
Properties Inc.
Chelsea, MA Burgess Properties Inc. handled the sale of both 180 Everett Ave. and 115 Carter St. to North River Company LLC, an affiliated entity of Waterfront New York.
180 Everett Ave. is a 7,500 s/f, two-story retail and office building which recently housed the Fusion Cafe restaurant. The sale price was $1.2 million.
115 Carter St. is a 33,000 s/f, single-story warehouse/manufacturing building. The building was the 65 year long-term home of Driscoll Warehouse which offered the property for sale in conjunction with a wind-down of their business operations. The sale price was $5.825 million.
North River Co. is the owner of 190 Everett Ave. which sits between these two newly acquired properties. 190 Everett Ave. is the Boston-area home of Ardsley, NY-based Acorda Therapeutics Biotechnology Company.
The acquisition of these two additional properties ensures control of the entire city block surrounding Acorda and can provide for any future expansion.
Phil Burgess, president of Burgess Properties was the sole broker in the 115 Carter St. transaction and he represented the buyer in the 180 Everett Ave. sale.
Celebrating its 20th anniversary this year, 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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