**Worcester Mixed-Use Portfolio Sells for $7.25 Million**
Marcus & Millichap has announced the successful sale of a prominent mixed-use portfolio located at 10-14 East Worcester Street and 89 Shrewsbury Street in Worcester, Massachusetts, for a total of $7,250,000. The transaction was handled by Harrison Klein, First Vice President of Investments at Marcus & Millichap, who represented the seller and secured the buyer.
The portfolio was acquired by 89 Shrewsbury Street LLC, a partnership composed of Barry Lundgren of Lundgren Automotive Group and Lundgren Equity Partners, and Dave Fontaine Jr. of Fontaine Bros.
“We had tremendous interest in this property, which had been owned by the Condron family for decades,” said Klein. “This property’s location, at the bottom of Shrewsbury Street in thriving Worcester, motivated buyers who otherwise may not have chased an office building.”
The portfolio includes three interconnected office buildings spread across three parcels, totaling 83,769 gross square feet and 155 parking spaces. At the time of sale, the property had a net rentable area of 70,930 square feet, with occupancy at 82 percent. The asset is home to a strong mix of tenants, including VIA—one of Worcester’s top luxury restaurants—alongside a variety of lifestyle and professional occupants.
