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February 9, 2022

Worcester supermarket property sold for $26M

Photo | Google Maps Market 32 supermarket on Pullman Street in Worcester
By Katherine Hamilton

The property containing a Market 32 supermarket on Pullman Street in Worcester was sold to a California company for $26 million, according to the Worcester South District Registry of Deeds.

A New York real estate firm known as Goddard Development Partners has owned the 64,000-square-foot supermarket at 72 Pullman St. since the early 2000s. 

In a deal closed Feb. 4, the property was sold to Patriot ExchangeRight Worcester LLC, which is registered to the California address of ExchangeRight. The company specializes in 1031 exchanges, which is a tax-deferred property transfer, usually for business chains. 

Exchange Right bought a Walgreens pharmacy property on Lincoln Street in Worcester for $8.8 million in December.

The Market 32 property is assessed by the city at $8.2 million.

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8 Comments

Anonymous
February 11, 2022
Just because they bought it doesn't mean the business goes away. Relax.
Anonymous
February 11, 2022
What are their plans with the property? It would be nice to have a little more information than the property Market 32 sits on was bought out by a California company. Let's be very nosy and pushy for information, Ms. Hamilton.
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