Here’s a round up of the latest real estate and development news from Central Massachusetts.
Acton
Insulet tax break
The
Town of Acton is considering a tax increment financing deal for
Insulet Corp. The Acton-headquartered firm is considering expansion, and the goal of the TIF agreement would be to encourage the company to further expand its presence in the town, according to Town Manager
John Mangiaratti. He explained Insulet is considering purchasing 35 Nagog Park, a site which contains a three-story office building, according to municipal property records. Negotiations regarding specifics of the agreement are ongoing, but Mangiaratti said the deal would be expected to be in the 10-20 year range. The
Acton Select Board voted to put the item on the warrant for an upcoming Town Meeting, where the full proposal will be explained to voters for their approval.
Auburn
New commercial buildings
Todd Ostrokolowicz, president of
Quality Contracting in Auburn, is seeking
Auburn Planning Board approval to build two flex-space buildings at 282 Southbridge St. The project calls for the construction of two smaller buildings designed to accommodate multiple tenants, with intended uses including office, storage, and light commercial activity. The updated proposal modifies an earlier approval for larger structures, scaling down the building footprints while maintaining the overall commercial concept.
Charlton
Restaurant space sold
443 Worcester Road LLC, a Westborough-based entity managed by
Todd Alexander and
Maximilian Candidus, purchased a property at 443 Worcester Road featuring 2,632 square feet of restaurant space for $625,000 from
D&L Ventures, a Wales-based entity managed by
Michael DuPont and
John Langeleir. Thomas Bodden and
Mark Johns of
Kelleher & Sadowsky Associates served as the listing brokers for this transaction.
Framingham
Industrial lease
Foundation Building Materials of California renewed a lease for 14,020 square feet of industrial space at 81 Morton St. from
Exhibit B Realty LLC of Holliston.
Scott Hughes of
New Dover Associates in Framingham served as the leasing representative for this transaction.
Fitchburg
Apartments sold
Seven Hills Rental Partners LLC, an Acton-based entity managed by
Chakra Bokkisam, purchased a property at
5 Gibson Place featuring a six-unit apartment building for $1.13 million from
Gibson Place Properties, a Lincoln-based entity managed by
Yuliya Tsaur and
Mike Preshman.
Grafton
Delayed subdivision
The
Grafton Planning Board preliminarily granted an 18-month extension to
Central MA Home Builders of Worcester to complete its 10-home
Abby Woods subdivision at 18 Carroll Road. The public roadway is 80% complete, with the remaining work set to finish the sidewalks and street lighting.
Manufacturing building sold
491C Main Street LLC, a Wellesley-based entity managed by
Maxwell Cantor, purchased a property at 29 Hawthorne St. featuring a 4,410-square-foot manufacturing building for $415,000 from
Prestige WW LLC, a Grafton-based entity managed by
Jarad DeWolfe, David Samara, and
Luke DeWolfe. Tyler DeWolfe of
Greater Boston Commercial Properties in Northborough served as the listing broker for this transaction.
Hudson
$660K contract
The
Hudson Select Board in its April 27 meeting considered awarding a contract totalling $659,822 to
Massachusetts Broken Stone in Berlin for the milling and overlay of various roads in town. The president of the company is
Andrew Forrest of Berlin.
Marlborough
Tech lease
Technology testing company
Bloomy Controls of Connecticut leased 2,451 square feet of office space at 5 Mount Royal Ave. from
CB Equities LLC of Marlborough.
James Cannon and
Matt Cuneo of
NAI | Parsons Commercial Group - Boston in Natick represented the tenants, while
Garrett Quinn and
Matthew Quinlan of NAI | Parsons Commercial Group - Boston represented the landlord.
Milford
New gym
Entrepreneur
Romualdo DeFreitas has proposed converting 12,040 square feet of commercial space at 161 E. Main St. into an
Olympus Gym. The site of the proposed gym was formerly a
Dollar General retail store and had been approved by the
Milford Planning Board into use for a church, which never occupied the space. DeFreitas is now seeking planning board approval for the gym. The nearby
AutoZone and
Tran Redemption Can & Bottle Return are expected to remain.
Southborough
Zoning changes
Southborough Town Meeting voters approved an article by a 90-32 vote to make a number of changes to industrial park zoning regulations during an April 11 meeting.
Marnie Houlihan, a Southborough Planning Board member, described the intent of the changes as to encourage new types of businesses and provide more use for available industrial-zoned parcels, according to video of the meeting. Changes included allowing child care centers by right and clarifying allowable uses in the zone, including breweries, banks, and fitness centers. The article added rules governing data centers, limiting them to 50,000 square feet in size and establishing setback distances from residences. The article still needs legal approval from the Office of the Attorney General.
Westborough
PILOT programs
The
Town of Westborough is exploring establishing a payment in lieu of taxes program for land-owning nonprofits in the town. Westborough Town Manager
Kristi Williams said the program would be optional, with the Town working to schedule meetings with the 29 nonprofits which own a combined 47 parcels, according to video of the Westborough Select Board’s April 14 meeting.
Mark Silverberg, vice chair of the
Westborough Select Board, added it was an effort to formalize any contributions made to the Town by nonprofits and to encourage nonprofits that are not contributing to voluntarily do so. PILOT programs have been used by Worcester and other municipalities to make up for the lack of property taxes derived from properties owned by nonprofits.
Worcester
Full liquor license
The owner of
Momo Palace, a Nepalese restaurant located at 142B Highland St., received unanimous approval from the
Worcester Zoning Board of Appeals on April 6 for a special permit to serve alcohol. Owner
Tanuj Neupane explained the permit would not require any physical changes to the space and said a full liquor license would enhance the dining experience. Momo Palace’s liquor license will still require approval from the
Worcester License Commission and state
Alcoholic Beverages Control Commission.
Beer & wine sales
K&K Grocery at 104 Chandler St. received approval to sell beer and wine from the
Worcester License Commission during its April 16 meeting.
Khem Rizal, the owner of the Piedmont neighborhood convenience store, said the request was the result of customers asking for the ability to buy beer and wine. The board unanimously approved the request, citing a lack of issues at other establishments Rizal owns that also sell alcohol.
Insurance lease
Michigan insurance company
Acrisure leased 9,500 square feet of office space at 60 Shrewsbury St. from
Batista Management Co. of Boylston.
Paul Matt and
Jim Cozza of
Kelleher & Sadowsky Associates in Worcester served as the leasing representatives in this transaction.
