Large Eaton manufacturing site in Worcester sold for $14M to California-based real estate trust
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A large Worcester factory utilized by Eaton Corp. has been sold for $14.44 million.
A 243,503-square-foot factory utilized by Irish company Eaton Corp. has been sold for $14.44 million to Realty Income Corp., a publicly-traded real estate investment trust in California.
The large manufacturing site, located on a 10-acre parcel at 160 Gold Star Blvd., was sold in a deal finalized on Tuesday, according to Worcester District Registry of Deeds records. The property was sold by 160 Gold Star LLC, a Chicago-based entity.
Realty Income Corp. is a real estate trust based in San Diego, with over 15,000 properties in its control across 90 separate industries. The firm focuses on stand-alone properties with established tenants, meaning it’s unlikely the purchase will have an immediate impact on Eaton’s operations at the site.
Eaton, a company headquartered in Dublin but with a primary administrative center in Ohio, is a multinational firm with over 92,000 global employees, producing products ranging from golf grips to furniture to hydraulic motors.
As of 2015, Eaton’s Worcester facility mostly focused on producing office equipment and had 245 employees, according to a Worcester Telegram & Gazette article from the time.
The parcel was given a tax assessment value of $12.19 million for 2024, according to City of Worcester property records.
Eric Casey is a staff writer at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
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