CHELSEA, MA — Burgess Properties Inc., a suburban commercial brokerage ﬁrm, announced that it has brokered the $3,675,000.00 sale of 200 Second Street, Chelsea, MA with David Corkery and Bruce Lusa of CBRE New England.
200 Second Street is a 25,500-square-foot industrial building on 1.05 AC of land located directly across Second Street from Chelsea’s Mystic Mall. The existing building will be demolished to make way for the construction of a 106 room Hampton Inn by Hilton.
The buyer, Baywood Hotels Inc., is one of the nation’s fastest growing and privately- owned hotel management companies. They are also one of largest privately owned developers in the country for Hilton, and several of their Hampton Inns have received achievement awards and national recognition.
Steve Nohrden of Burgess Properties, Inc. represented the buyer, Baywood Hotels, Inc., and David Corkery of CBRE New England represented the Seller, 200 Second Street Trust.