Real Estate

🔒Danish shipping giant opening $100M fulfillment hub in Blackstone Valley

Danish logistics firm A.P. Moller – Maersk is opening a new $100-million fulfillment hub in Hopedale, a project expected to create about 1,000 jobs.

Whole Foods plaza in Shrewsbury sold to NY firm for $57M

About four months after hitting the market, the Lakeway Commons plaza in Shrewsbury has been sold for $56.7 million to one of the largest asset management firms in the world.

🔒Worcester’s tallest building refinanced for $25M

Robert Morton, TruNorth market president for Central Massachusetts and Northeastern Connecticut, told WBJ the firm generally isn’t interested in office buildings, but the unique situation in Worcester led to an exception. 

Menkiti receives $3.6M tax credit for Shack’s downtown apartment conversion

The Menkiti Group has received a $3.6-million state tax credit to help convert a 171-year-old Downtown Worcester building into 48 apartments.
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🔒Leicester Gardens apartment complex sells for $5.4M

The 24-unit Leicester Gardens apartment complex has changed hands for the second time in the last three years, this time being sold for $5.67 million.

Proposal giving tenants first right of refusal to buy multifamily properties resurfaces in House

After getting cut out of the Legislature's last major housing bill, the so-called Tenant Opportunity to Purchase Act found new life in the House's policy-dense $561 million economic development bill.

🔒VulcanForms plans 1M-sq.-ft. expansion, hires former DoD official as key executive

VulcanForms is seeking to add 1 million square feet of manufacturing space in Devens, a move it expects will create more than 1,000 jobs.

🔒Gummy manufacturer moving to Milford from Southbridge, adding 120 jobs

The company says will cost $12 million and allow it to add 120 jobs.
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🔒Poet Hill Place apartments leasing up after December opening

Residents are now moving into a newly completed apartment community in Worcester’s Poet Hill neighborhood, which added...

🔒Large industrial campus in Shrewsbury sold for $75M

Tenants at Centech Park North include Westborough-based manufacturer Columbia Tech and SGPS ShowRig.
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