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Shipyard Parcels Sell to Somerville Research and Development Company – Chelsea Record


Four parcels of land associated with the Fitzgerald Shipyard have sold for $6 million to Science Research Labs (SRL) of Somerville, a government contractor that has been in business since 1983.
A limited liability corporation (LLC) controlled by Dr. Jonah Jacob of SRL purchased the properties recently from Yankee Marine RET, which is held by Peter Fitzgerald of the Shipyard. The parcels are on Winnisimmet Street and Williams Street.
Several messages sent to Jacob via email and by phone were not returned, and no one is quite sure what the intentions are of the new ownership.
Sources close to the situation said they have heard there are no immediate changes planned, but a lot of the small businesses that operated in the Yard may not be operating any longer. ....

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