Fabric and crafts retailer Joann will shutter four of its Central Massachusetts locations in the latest development of the strained Ohio-based company’s ongoing bankruptcy proceedings.
Every year starting in October, WBJ asks its readers to vote on the best companies in Central Massachusetts in a variety of categories, ranging from law firms and incubators to golf courses and restaurants.
“After a thorough and thoughtful review, we determined that closing this location was necessary to align our resources with the needs of the broader market,” Blaine Bringhurst, president of Market 32/Price Chopper, said.
With high-potential inventory in Worcester drying up, investors in smaller multi-family properties are casting a wider net to find parcels with promise.