Take a walk in downtown Worcester and its surrounding neighborhoods, and you'll see vibrant, bustling areas that highlight the transformative impact of the $565 million CitySquare development project.
Surging consumer spending and volatility in global supply chains have companies and developers scrambling for a limited amount of warehouse and distribution space.
During the California Gold Rush, early settlers were able to stake their claim and command the market. The cannabis market in Massachusetts in recent years has been no different.
A key driver of searches in the region is finding facilities that can accommodate Current Good Manufacturing Practices (cGMP). Another driver is the critically low capacity of biomanufacturing in the metro-Boston region.
Worcester Business Journal
Chacharone Properties of Worcester has purchased 557 Main St., the former site of a Walgreens Pharmacy in Shrewsbury for $970,000. Meghan Liddy and Todd Alexander of Kelleher & Sadowsky represented the seller and procured the buyer.
Worcester Business Journal
Lundgren bought the 39,000-square-foot facility at 10 Cabot St. for $2.1 million and the 34,000-square-foot 80 Optical Drive for $3.8 million in a deal that closed on May 27, according to Worcester real estate firm Kelleher & Sadowsky Associates, whose Chris Naff and Jim Umphrey brokered the deal.
The Patch
McCord has leased 58,965 square feet to Aspen Aerogels, Inc. (NYSE:ASPN) for its Advanced Thermal Barrier Center (ATBC) at 870 Donald Lynch Blvd, a former Sports Authority big box retail store. Representing McCord on the transaction was Phil DeSimone and Andrew Sherman of Kelleher and Sadowsky.
New England Real Estate Journal
Framingham-based medical alert company, Lifeline Systems Co., has leased 40,000 square feet of office space at 200 Donald Lynch Blvd. in Marlborough. Philip DeSimone, Andrew Sherman, and Brian Johnson of Worcester’s Kelleher and Sadowsky represented the lessor.
Worcester Business Journal
The site of the Worcester Surgical Center at 300 Grove St. has sold for $9 million to a local orthodontist and entrepreneur Sam Alkhoury. The site will remain as medical offices, said Drew Higgins of Kelleher & Sadowsky.
Worcester Business Journal
A 267,000-square-foot Class A warehouse will be constructed on a plot of land at 90 Huntoon Memorial Highway in Leicester. The site is under construction with completion expected in April.
