Burgess Properties Brokers Two Chelsea Industrial Sales Totaling $17.55 Million

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Chelsea, MA— Burgess Properties announced that it has brokered the sale of 3-7
Griffin Way and 25 Griffin Way in Chelsea, MA.

3-7 Griffin Way is a 33,515 SF warehouse/distribution building, purchased by Oliver
Street Capital for $10,050,000. The property is well-located in Chelsea’s Airport Related
Overlay District (AROD) and features 20’ clear height, 13 loading docks, and close proximity to the Silver Line.

The building was fully leased at the time of the sale, however 11,010 SF is scheduled to be be vacated in 2022 and Burgess Properties has been retained to market the future availability.

In a separate transaction, the abutting industrial property, 25 Griffin Way, was
purchased by a Boston-area investor for $7,500,000. Featuring four at-grade loading doors
and 27’ clear height, 25 Griffin Way is an approximately 25,000 SF building on 1.27 acres of fenced-in parking with excellent proximity to Boston and Logan International Airport.

Steve Nohrden of Burgess Properties, LLC was the sole broker in these transactions.

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