Fidelity Investments in Boston is now the owner of the site of a Shaw’s supermarket in Worcester, after buying the property for $31 million. An entity managed by Fidelity purchased the site at 14 West Boylston St. in a transaction finalized on Tuesday, according to Worcester District Registry of Deeds records. The property was purchased […]
Fidelity Investments in Boston is now the owner of the site of a Shaw’s supermarket in Worcester, after buying the property for $31 million.
An entity managed by Fidelity purchased the site at 14 West Boylston St. in a transaction finalized on Tuesday, according to Worcester District Registry of Deeds records. The property was purchased from an entity managed by General Investment and Development, a Boston-based real estate investment firm.
The 66,682-square-foot retail building at the roughly 6.6-acre site was constructed in 2004, according to real estate data firm CoStar.
The property was purchased by GID for $9.3 million in 2004, after the construction of the supermarket, from an entity managed by Shaw’s, according to registry records. The 2004 sale also included the nearby property at 51 Goldstar Blvd., now the site of a Santander Bank branch.
Prior to the Shaw’s, the site was owned and utilized by Woodbury & Co., according to registry records. A printing business which produced engraved stationary for businesses and other products, Woodbury & Co. operated in Worcester from 1879 to 2002, according to the Worcester Telegram & Gazette.
The Shaw’s at the site is one of two locations for the business in Worcester, with the other located at 68 Stafford St. Shaw’s operates 15 locations in Central Massachusetts, according to its website.
The property at 14 West Boylston St. received a 2026 tax assessment value of $10.08 million, according to City of Worcester property records.
CORRECTION: An earlier version of this article incorrectly stated the building was built in 2024. In fact, it was built in 2004.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
