Worcester Business Journal
A medical office building on Worcester’s Vernon Street has been sold to GM Properties of Worcester. Jim Umphrey and Drew Higgins of Kelleher & Sadowsky Associates in Worcester were the sole brokers on this sale.
Worcester Business Journal
William Kelleher IV and James Umphrey have been recognized for the second year in a row to the 2025 Power 100, a list of the most influential professionals in the region, compiled by Worcester Business Journal’s editors.
Worcester Business Journal
The former location of the Catholic Charities of the Diocese of Worcester’s Mercy Centre is up for sale, with an asking price of $3.25 million.
Worcester Business Journal
The 8,186-square-foot office building located at 42 Lake Avenue was sold to Worcester-based SCC Investments LLC, SCC is managed by Nicole Daigle, director of Worcester-based mental health clinic Serenity Coaching and Counseling.
Commercial real estate in Worcester, Central Massachusetts, and the MetroWest region remains in a cautious state—but not at a standstill. Credit is still flowing for well-structured deals, and banks continue to lend, albeit with greater discipline. Developers with experience, strong equity backing, and a predictable project strategy are finding financing, even in a more cautious environment.
If cities were stocks, Worcester, Massachusetts would be the undervalued gem — still flying under Wall Street’s radar but showing all the signs of a breakout. It’s the kind of place where a sharp investor or bold CEO might casually say, “We saw it before they did,” and everyone else just nods, wishing they’d moved sooner.
