Please do not leave this page until complete. This can take a few moments.
A 36-unit apartment complex at 38 Cedar St. in Worcester sold for $7.2 million according to a Thursday press release from Worcester broker NAI Glickman Kovago & Jacobs.
The buyer Olivella Properties, Inc. of Norwood, represented by Glickman Kovago & Jacobs Vice President David Eldredge, purchased the property from longtime owner S.J.S. Realty of Acton. The deal was completed on Tuesday.
The four-story building, constructed in 1942, was used by Worcester’s Becker College as an off-campus housing facility called Willow Hall until the school’s closure in 2021.
The area is home to Worcester Polytechnic Institute’s South Village community. In September WPI opened new residence halls and the South Village Student Center in the area.
The City of Worcester assesses the property at $5,475,700.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments