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Quaker Lane Capital Acquires Malden Industrial Property of $25M
Boston, MA-based Quaker Lane Capital, a certified Minority Business Enterprise, has completed its $24.5-million acquisition of an industrial building located at 180 Charles Street in Malden, MA.
Steve Nohrden of Burgess Properties, Inc., a full-service commercial real estate brokerage, was the sole broker in this transaction. According to the company, Malden has experienced a significant transformation in recent years, with many new developments under way, especially around its transit-oriented downtown.
Quaker Lane Capital’s 64,300-square-foot building sits on 3.8 acres and has been the longtime home of awning company Sunsetter Products. currently the asset’s sole tenant. The property is situated one block from the Malden Orange Line T and Commuter Rail Stop and close to major highways.
- ◦Sale/Acquisition
