2022 Power 50: Jim Chacharone
Photo | Matt Wright
Jim Chacharone, president of Chacharone Properties, in Worcester
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Chacharone Properties has been developing projects in Central Massachusetts for nearly 40 years and owns more than a million square feet of commercial, medical, industrial, and lab space in the region. The company’s success can be largely attributed to its founder and long-time president, Jim Chacharone.
In August, Chacharone Properties completed Table Talk Pies new Worcester headquarters, which was the culmination of a five-year, $22-million redevelopment of more than 15 acres in Main South into a 145,000-square-foot facility. The firm is at the helm of the burgeoning life sciences industry, thanks to its purchase of Allegro MicroSystems former headquarters in Worcester. Chacharone Properties has rebranded and renovated the flex/lab space and, at a time when life science property vacancy rates are essentially 0%, is seeking tenants for the 130,000-square-foot facility.
Chacharone has directed the revitalization of nearly 200,000 square feet of office space in Worcester’s Gold Star Boulevard area, and acquired and revitalized more than 500,000 square feet of languishing industrial space. Chacharone holds power in assets alone, but it is his unfaltering ability to revitalize and develop real estate to meet the region’s highest needs, which puts him at the top of his industry.
What sets the Central Mass. business community apart from the rest of the world? Businesses, their employees, and graduates from our outstanding colleges and universities, now more than ever, have a reason to establish roots here. You don’t need to visit Greater Boston to eat at an outstanding restaurant, attend the theater, or have access to a Class A medical facilities.
Auto enthusiast: I enjoy collecting cars. One of my last purchases was a pair of World War II-era Jeeps.
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