8-24 Griffin Way and 120 Eastern Avenue - Chelsea, MA

Chelsea, MA Burgess Properties Inc., one of Greater Boston’s premier suburban commercial brokerage firms, has co-brokered the sale of 8-24 Griffin Way and 120 Eastern Ave., Unit 7, with Gianelli Management and Development Corp. for $3.575 million. The industrial portfolio, totaling 53,000 s/f, is comprised of two industrial buildings and an attached office condominium.

Steve Nohrden, Burgess Properties

Phil Burgess, Burgess Properties

The buyer, Cape Dairy, Inc, is the parent company of Chelsea-based dairy distributor, Rosev Dairy. Their plans are to demolish one of the two industrial buildings and construct a new cold-storage and distribution facility in its place.

The buyer was represented by Paul Gianelli of Gianelli Management and Development Corp. and the seller, Brickpoint Properties, was represented by Steve Nohrden and Phil Burgess of Burgess Properties.

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.