Philip DeSimone – Executive Vice President September 2020 The COVID-19 health crisis has sent a shock wave throughout the U.S. economy. In the second quarter, U.S. gross domestic product (GDP) declined from the first quarter by 32.9% when measured on an annualized measure. In Massachusetts, the economy shrank at an even more staggering pace, plummeting [...]
Fidelity Bank Podcast Series
Join Jim Umphrey of Kelleher & Sadowsky and Edward Manzi of Fidelity Bank as they discuss the impact of Covid-19 on Worcester's commercial real estate market.
William D. Kelleher, IV – Principal September 2019The Cannabis Control Commission (CCC) will be relocating its permanent offices to Worcester from downtown Boston this coming December. The CCC signed a 10-year lease for a 14,381-square-foot office at Worcester’s Union Station and 4,523-square-foot satellite office at 50 Franklin Street in Boston’s Downtown Crossing. The new Worcester headquarters will include 25 offices, 53 work stations and three conference rooms, one of which will be large enough to accommodate the commission’s public meetings. Additionally, CCC will receive 15 parking spots in the garage attached to Union Station, and its office will be accessible by commuter rail.
James G. Umphrey – Principal
The WBDC recently unveiled Worcester’s first master planned park focused on biomanufacturing calling it The Reactory. Located alongside UMass Medicine Science Park and the continually expanding UMass Medical School, The Reactory’s master plan allows for eight shovel-ready parcels that can accommodate up to 530,000 square feet of top-quality biomanufacturing facilities.