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‘Never Seen Anything Like This’: Industrial Real Estate Market Soaring In Worcester

Worcester Telegram & Gazette
Jim Umphrey has worked in the Worcester real estate market for 35 years, and he can’t believe what has happened over the past 18 months. “I’ve never seen anything like this,” Umphrey said of the red-hot industrial market. A principal at Kelleher & Sadowsky, a commercial real estate broker in Worcester, Umphrey said rents for industrial properties skyrocketed over the past year-and-a-half, a stretch that includes the coronavirus pandemic.

Unum Building In Downtown Worcester To Become One Mercantile Office Space

Worcester Telegram & Gazette
Franklin Realty Advisors will work with Kelleher & Sadowsky, Conventures Inc. and SGA to rebrand and market the building as One Mercantile, a multitenanted Class A office building, according to a release by the groups Wednesday. The marketing campaign for the space will showcase the building’s strengths as the newest property in the market with the largest floor plate available, the best amenity package and a well-capitalized sponsor.

Mirick O’Connell Signs 10-year Lease Renewal With Mercantile Center In Downtown Worcester

Worcester Telegram
Mirick O’Connell has signed a 10-year lease to remain in the Mercantile Center in downtown Worcester. The law firm will occupy more than 32,000 square feet on the 16th, 17th and 18th floors of 100 Front St. In the lease agreement, David Campbell of Hunneman represented the tenant (Mirick O’Connell) and Jim Umphrey and Will Kelleher of Kelleher & Sadowsky represented the landlord (Franklin Realty Advisors).