The property asset involved in this transaction is a single-story facility located at 11 Charles Street, Malden, MA, 02148. The facility encompasses a total of 16,500 square feet and is situated in a highly visible downtown area adjacent to Walgreens Pharmacy. The lease was brokered to Mystic Brewery, which will be relocating from its current site in Chelsea.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: Not specified
• Address: 11 Charles St, Malden, MA, 02148
• Market: Malden
• Tenant: Mystic Brewery
• Landlord: 11 Charles Street Realty, LLC
• Tenant's Representatives: Mark Stevens, Amanda Snell (The Stevens Group)
• Landlord's Representative: Steve Nohrden (Burgess Properties, Inc.)

The deal showcases Mystic Brewery's expansion strategy, as it joins the Malden market, where it will establish an expansive tap room and benefit from forty on-site parking spaces. The new location is conveniently located within walking distance from Malden’s Orange Line T Stop and Commuter Rail, enhancing accessibility for visitors. This move positions Mystic Brewery favorably alongside other breweries in the area, including Idle Hands Brewery and the upcoming Faces Brewing Co.