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News: Front Section
Posted: May 5, 2023
Nohrden of Burgess Properties brokers $2.4m sale of 12,494 s/f industrial building
Malden, MA Burgess Properties, LLC has brokered the sale of 1130 Eastern Ave. for $2.4 million.
The 12,494 s/f building on 0.44 acres had been used as a recycling facility for years prior to sale. The visible property is on Rte. 60 near MBTA bus. 1130 Eastern Ave. LLC, a subsidiary of Malden-based United Properties purchased the property.
Daniel Dewing of Boston Realty Advisors represented the seller and Steve Nohrden of Burgess Properties, LLC represented the buyer in this transaction. Burgess Properties, LLC has been retained to exclusively market the property for lease. The industrial asset’s renovation, slated to be completed later in 2023, is to include new roof, overhead doors, windows, and possible expansion to 15,400 s/f (including mezzanine offices), divisible to approximately 2,000 s/f.
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