Matthew Novak & Andrew Holmberg Acquire Development Site In Chelsea, MA For $8.5M

A development site located at 250 Marginal Street in Chelsea, MA has been sold in a recent transaction. The property spans 75,000 square feet and was sold for a price of $8,500,000, resulting in a price per square foot of $113.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $8,500,000
• Address: 250 Marginal Street, Chelsea, MA
• Market: Chelsea, MA

The seller of the property was Paul Bernon, representing Rubicon Real Estate, LLC. The buyer of the property is a partnership between Matthew Novak and Andrew Holmberg. No further details about the buyer's representation were provided.