Marcus & Millichap Facilitates $7.25 Million Sale of Worcester Mixed-Use Portfolio Including Office Buildings and Restaurant

Reuters
23 May
Marcus & Millichap Facilitates $7.25 Million Sale of Worcester Mixed-Use Portfolio Including Office Buildings and Restaurant

Marcus & Millichap Inc., a leading commercial real estate brokerage firm, announced the successful facilitation of a $7.25 million sale of a mixed-use portfolio in Worcester, Massachusetts. The properties, located at 10-14 E Worcester Street and 89 Shrewsbury Street, include three interconnected office buildings and a top luxury restaurant, VIA. This portfolio, covering 83,769 gross square feet and featuring 155 parking spaces, was 82 percent occupied at the time of sale. The buyer, 89 Shrewsbury Street LLC, is a partnership between Barry Lundgren of Lundgren Automotive Group and Dave Fontaine Jr. of Fontaine Bros. The acquisition marks a significant investment in Worcester's thriving real estate market.

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