Kelleher & Sadowsky Orchestrates $13 Million Office Building Sale in Worcester

0
2429

WORCESTER, MA – Kelleher & Sadowsky Associates, Inc., a commercial real estate firm serving Worcester and Central Massachusetts, announced the $13 million sale of the 85,000-square-foot office building at 324 Clark Street on behalf of Worcester Investment Group to Lowfield Realty Group, a Massachusetts limited liability corporation affiliated with Vincent J. CampoBasso of Leominster.

Principal Donald J. Mancini and Vice President James P. Cozza led the Kelleher & Sadowsky brokerage efforts, representing the seller and procuring the buyer.

324 Clark Street was fully occupied at the time of sale. Tenants include two state agencies, the Department of Developmental Services (36,000 SF) and Department of Early Education and Care (11,000 SF); South Bay Community Services (14,000 SF); and Nouria Energy Corporation (25,000 SF).

The seller, Worcester Investment Group, is owned by Tony El-Nemr, President and CEO at Nouria, one of New England’s largest convenience store operators and fuel retailers. Under the agreement, Nouria will continue to headquarter its operations at 324 Clark Street.

Cornerstone Bank, headquartered in Worcester, Massachusetts provided the financing for the buyer.