Burgess of Burgess Properties handles $4.5 million sale of Dennis K. Burke HQ building

Phil Burgess, Burgess Properties

Chelsea, MA Burgess Properties Inc. has sold the 28,000 s/f Dennis K. Burke HQ building at 284 Eastern Ave. The property sold for $4.5 million. The warehouse/distribution facility is located in Chelsea’s Airport Related Overlay District, close to Logan Airport.

Dennis K. Burke, Inc. has purchased a new, larger headquarters property in Taunton and will be relocating its HQ operations there later this spring.

284 Eastern Avenue - Chelsea, MA

The buyer, NYC-based North River LLC is an investment group. With a tenant already in hand that is currently pursuing permits through the city of Chelsea for its occupancy, North River’s plans are for a long-term hold. An affiliated entity of North River purchased, and a decade later, still owns the 400,000 s/f 175 McClellan Highway facility located in East Boston just across the Chelsea Creek from 284 Eastern Ave.

Phil Burgess of Burgess Properties, Inc. was the sole broker in the transaction.

Founded in 1997, 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.