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Chelsea Industrial Property Fetches $2.65M

Jan 11, 2010 | Reprints | Print

201 Crescent Ave., Chelsea A manufacturing and warehouse property at 201 Crescent Ave. in Chelsea has been sold for $2.65 million.

Located at the intersection of Crescent and Eastern Avenues, the property consists of a 31,750-square-foot, 5-year old, single-story manufacturing and warehouse building on a 60,000-square-foot lot.

Principals of Chelsea-based New England Lighting purchased the property from Crescent Nominee Trust. New England Lighting will relocate from its existing building on Eastern Avenue and occupy the property in conjunction with OnTime Cos. Inc.

Phillip K. Burgess of Burgess Properties Inc. was the sole broker in this transaction.

Commercial & Industrial