Worcester Business Journal
The property, located at 5 Millennium Dr. in Grafton, was part of a regional effort by the Worcester Business Development Corp. to develop CenTech Park, a 121-acre technology park in Shrewsbury and Grafton.
Worcester Business Journal
The Edward M. Kennedy Community Health Center, headquartered in Worcester, sold its former Lincoln Street location to a local dentist for about $1.5 million, according to the Worcester South District Registry of Deeds. The Worcester-based commercial real estate firm Kelleher & Sadowsky represented both the seller and the buyer. Will Kelleher represented the seller, The Edward M. Kennedy Community Health Center. Drew Higgins represented the buyer, Dr. Houssam Alkhoury.
For the third year in a row, Kelleher & Sadowsky was recently selected as a Best in Business winner amongst commercial real estate firms in Central Massachusetts by readers of Worcester Business Journal. WBJ’s Best of Business Awards celebrate the business-to-business companies in the region that have been recognized by their peers as the “best of the best” in their respective industries.
Worcester Business Journal
Albert Maykel sold the two-story, 12,257-square-foot building on Chandler Street for $1.5 million. The property was bought in a sale by Kai Real Estate LLC. Kelleher & Sadowsky brokers William Kelleher IV and Mark Johns represented the sellers in the transaction.
Worcester Business Journal
Worcester nonprofit Goddard/Homestead has purchased a 24-acre site at 781 Grove Street in Worcester for $4.75 million, where it will be developed into 158 senior living apartments in a 150,000-square-foot, three-story building.
Telegram & Gazette
The power plant of the Southbridge Innovation Center at 60 Optical Dr. sold for $5.5 million after six months on the market. The 35,247-square-foot, two-story concrete building, built in 1910 as part of the original American Optical complex, sits on the 150-acre campus of the Southbridge Innovation Center, a 1.2 million square foot, 14 building multi-tenanted business park.
Worcester Business Journal
“Not only does the I-290Connector offer the largest available flex/lab/office space in the market, but it also places its tenants in proximity to a thriving life sciences ecosystem,” Phil DeSimone, executive vice president of Kelleher & Sadowsky, said in a statement.
New England Real Estate Journal
Kelleher & Sadowsky Associates completed the land sale of 520 Park Ave. and 111 Maywood St. totaling 7.3 acres by Family Holdings Nominee Trust and Jerek Realty, Inc. to Clark University for $6.95 million.
Telegram & Gazette
ComputerVault Inc. has signed an eight-year lease at One Mercantile beginning in January, moving its corporate headquarters to downtown Worcester. Will Kelleher, Phil DeSimone and Jim Cozza of Kelleher & Sadowsky represented the landlord, Franklin Realty Advisors, on this transaction.
Worcester Business Journal
Compared with other countries, the United States has an exorbitant amount of retail space with an estimated 25 square feet of retail per person, said Todd Alexander, an executive vice president specializing in retail at Worcester commercial real estate agency Kelleher & Sadowsky Associates.
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.
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.