Orange businessman buys out partner's stake in Fitchburg plaza
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Charles Park Plaza in Fitchburg
Charles Park Plaza, a shopping center at Airport and Bemis roads in Fitchburg, has sold for just under $1.7 million.
The 21,000-square-foot plaza was sold by Silver Lining Investments LLC, an entity registered to two businessmen: Lance Dellogono of Orange, who is a principal of Silver Lining Investments, and Sean Morrison, the owner of Conquest Video, an adult entertainment store in Fitchburg.
The property was purchased by Silver Property Investments, which is a firm registered to Dellogono only.
Charles Park Plaza includes a Gourmet Donuts, Mill City Pub, Kiki‘s Kitchen, LUXE Beauty Bar and In And Out Convenience Store.
The deal for the plaza, which was built in 1990, closed on Sept. 17. The site at 19-49 Airport Road covers almost 2.5 acres. It was last assessed by the City of Fitchburg at just under $1.3 million.
CORRECTION: A previous version of this story incorrectly said Silver Lining Investments LLC, which is owned by both Lance Dellogono and Sean Morrison, was the buyer of the plaza. The correct information is Silver Lining Investments LLC was the seller of the plaza, while the buyer was Silver Property Investments, which is owned by just Dellogono.
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