Worcester supermarket property sold for $26M
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Market 32 supermarket on Pullman Street in Worcester
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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Market 32 just leases, so I don't think it's going anywhere right now. This is just a notification of the sale of the property to a new owner.
What is next for the people that depend on Market 32 for shopping and pharmacy needs? What about the staff members that are so willing to help customers?
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