 (1).png)
News:
Owners Developers & Managers
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.
MORE FROM Owners Developers & Managers
Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI
Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
 (1).png)
Columns and Thought Leadership
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson
As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan
When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
New Quonset pier supports small businesses and economic growth - by Steven J. King
Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock
A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.