Worcester Business Journal
Sitting on 8.5 acres of land, the 62,000-square-foot flex building at 50 Bearfoot Road has half of its space dedicated to light manufacturing and warehouse uses, while the other half is office space.
Worcester Business Journal
J.F. White Contracting Co. is moving its Framingham headquarters down the road from its current location at 10 Burr St. to 111 Speen St., another Framingham property about a three-minute drive away.
Worcester Business Journal
One of Downtown Worcester’s most prominent undeveloped properties is under new ownership, as Ohio-based Industrial Commercial Properties has purchased it for $4.2 million.
Worcester Business Journal
The burger-focused fast food chain will be opening the former Honey Dew Donuts location at 99 Gold Star Boulevard. Mark Johns and Thomas Bodden of Kelleher & Sadowsky completed the transaction on behalf of the property’s owner.
The conversion boom isn’t happening because downtown Worcester’s commercial real estate market is in trouble. Far from it. Worcester has a diversified economy with a growing office tenant base, including financial services, healthcare, education, life sciences, technology, and professional services. Class A office here is roughly 86% occupied—a vacancy rate of just 14%, compared to about 23% in Boston.
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.
