The family that’s long run Leo’s Ristorante has sold the site of its restaurant off Shrewsbury Street and an adjacent mixed-use building for a combined more than $3.3 million, though the restaurant will remain open.
Rosemary Turo, of the Turo family that’s run Leo’s and a predecessor market since 1910, sold the Leo’s Ristorante building as well as 56 Shrewsbury St., which includes the bar The Pint, Victory Bar & Cigar and upper-floor apartments. Leo’s will remain open, according to Lee Hanson, a member of the Turo family.
The sites have two different buyers. The Leo’s Ristorante site at 11 Leo Turo Way was bought for $1.7 million by an entity registered to Michael Ermani of Worcester. The adjacent building was bought by an entity registered to David Breazzano, the president and chief investment officer of a Waltham investment firm, DDJ Capital Management.
Turo’s late husband, Francis, died in 2009. He took over Leo’s Ristorante from his father, Leo, for whom Leo Turo Way, the short dead-end road that leads to the restaurant from Shrewsbury Street, is named.
The site of the four-story Leo’s Ristorante building, which includes nearly 23,000 square feet, was last assessed by the City of Worcester at more than $1.3 million. The site at 56 Shrewsbury St., with its nearly 10,000-square-foot building, was last assessed at $591,600. Both sales closed in December.
