New England Real Estate Journal
Kelleher & Sadowsky Associates, Inc. has completed the $13 million sale of the 85,000 s/f office building at 324 Clark St. on behalf of Worcester Investment Group to Lowfield Realty Group, a Massachusetts limited liability corporation affiliated with Vincent J. CampoBasso of Leominster.
Principal Donald Mancini and vice president James Cozza led the Kelleher & Sadowsky brokerage efforts, representing the seller and procuring the buyer.
324 Clark St. was fully occupied at the time of sale. Tenants include two state agencies, the Department of Developmental Services (36,000 s/f) and Department of Early Education and Care (11,000 s/f); South Bay Community Services (14,000 s/f); and Nouria Energy Corp. (25,000 s/f).
The seller, Worcester Investment Group, is owned by Tony El-Nemr, president and CEO at Nouria, one of New England’s largest convenience store operators and fuel retailers. Under the agreement, Nouria will continue to headquarter its operations at 324 Clark St.
Cornerstone Bank provided the financing for the buyer.