Miami group buys Worcester plaza with Price Chopper for $4M
Photo | Grant Welker
Price Chopper at 29 Sunderland Road in Worcester
The property on which a Price Chopper sits in the Broadmeadow Brook area of Worcester has been sold for $4 million to a Miami property investment group.
The new owner of 29 Sunderland Road is Orion Real Estate Group of Miami, whose portfolio includes food retail sites across much of the United States and Canada. The seller was Richport Management of Illinois.
The nearly five-acre grocery store site last sold in 2016 for nearly $4.9 million. It was last assessed by the City of Worcester at just over $3.8 million.
The Sunderland Road Price Chopper, whose sale closed Oct. 9, is the third in Central Massachusetts to sell in a little over a year.
In July, a firm whose manager is registered as Thomas Wickstrom of Whitinsville paid $14.9 million for an 11-acre Price Chopper site at 560 E. Main St. in Gardner. That was a 30% mark-up from a sale of the site last September. A Price Chopper site at 733 Boston Turnpike in Shrewsbury, which is also 11 acres, sold in June 2019 for $19 million to a firm registered to Kam Francini of Winchester and Fa Choi Gee of Lexington.
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