Quaker Lane acquires $24.45MM Malden industrial property

  Burgess Properties, LLC, one of Greater Boston’s premier suburban commercial brokerage firms, recently announced that it has brokered the sale of 180/184 Charles Street in Malden for $24,450,000. The +/-64,300 SF building on +/-3.8 acres has been the longtime home of awning company Sunsetter Products – currently the asset’s sole tenant. The well-located property is situated one block from the Malden Orange Line T and Commuter Rail Stop and close to major highways. Boston-based Quaker Lane Capital, which has other assets in Malden, acquired the property. Malden is seeing a significant transformation in recent years, with many new developments underway, especially around its transit-oriented downtown. Steve Nohrden of Burgess Properties, Inc. was the sole broker in this transaction.