Percy's Appliances trustees buy site next to Trolley Yard, to create retail plaza
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31-35 Park Ave. in Worcester
Two trustees of Percy's Appliances in Worcester have purchased the building housing New England Roast Beef for $1.6 million, and they plan to convert the property into a small new retail plaza.
The site at 31-35 Park Ave. is home to New England Roast Beef and Toomey's Rent-All Center, the former of which will stay in place long-term within a planned new development, according to the Worcester firm NAI Glickman Kovago & Jacobs, which brokered and announced the transaction Wednesday.
The site sits next to Trolley Yard, a former Worcester Regional Transit Authority facility turning into a retail plaza with a Chipotle, Starbucks, Orangetheory Fitness, Rockland Trust and Nkd Lashes, Waxing & Makeup. The center is still being built out with more tenants to come, including a Workers Credit Union branch and a day care and early education center called Goddard School.
The buyer of the Park Avenue site is 35 Park Avenue LLC, which is registered to Alan and David Lavine of Worcester. The duo are listed as two of the four trustees of Percy's of Worcester Massachusetts Business Trust, which operates Percy's Appliances on Glennie Street.
The seller was TBR Inc., which is registered to Joseph and William Toomey of Worcester. The sale closed on Wednesday.
The site includes a 16,000-square-foot building on just less than an acre. The site was last assessed by the City of Worcester at $997,400.
Another small site adjacent to Trolley Yard is already being remade with new tenants. That site, formerly the home of the entertainment club Jillian's, is being turned into an O'Reilly Auto Parts and a Wachusett Wine & Spirits. A bankHometown and a Bean Counter Bakery are being built in another building just down Grove Street.
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