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.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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