Quaker Lane Capital Acquires Office Building From North River Malden II For $11.8M

The $11.8 million sale of three office buildings totaling 34,696 square feet in Malden has been brokered by Burgess Properties Inc. The properties located at 15-23 Pleasant St., 11 Dartmouth St., and 17 Dartmouth St. are strategically situated near the Malden Orange Line T and Commuter Rail Stop transit lines.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $11,800,000.00
• Address: 17 Dartmouth St, Malden, MA, 02148
• Market: Malden

Stephen (Steve) Nohrden from Burgess Properties represented both the seller, North River Malden II, and the buyer, Quaker Lane Capital, a Boston-based developer, in this transaction.