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Devens biomedical factory extension receives $4.2M loan

Thanks to a $4.2 loan from Eastern Bank, a biomedical device factory at Devens will be expanded by summer.

Five Central Mass. communities to get $650K to support housing

A total of $650,000 has been awarded to Barre, Berlin, Bolton, Sherborn, and Worcester under the Housing Choice Community Capital Grant program to support home construction.

Worcester, Fitchburg workspaces get $200K in funding

Collaborative workspaces in Worcester and Fitchburg took in $200,000 in funding announced Thursday by the Gov. Charlie Baker Administration.

The Mall at Whitney Field in Leominster sells for $16M

Leo Ma Mall LLC, a division of Hull Property Group, a shopping mall management company based in Augusta, Ga., has purchased The Mall at Whitney Field in Leominster for $16 million.
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Nearly half of Pier 1’s stores face closure amid bankruptcy fears

Pier 1 Imports, the imported home furnishings retailer said up to 450 of its 942 stores are under consideration for closure, but it did not name specific locations. The Texas–based company operates Central Massachusetts stores in Bellingham, Framingham, Leominster, and Shrewsbury.

Pepperell manufacturer expanding after buying $1M facility

Keystone Real Estate LLC, a Pepperell entity managed Robert Stanieich and Anthony Serino, bought the 12,345-square-foot industrial property at 20 Lomar Park Drive in Pepperell for $1 million.

San Diego investment firm buys Gardner Price Chopper property for $11M

The property housing a Price Chopper grocery store in Gardner has been bought for $11.4 million by a San Diego investment firm.

Movers & Shakers for Jan. 6, 2020

Check out who being hired and promoted in the Central Massachusetts business community.
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🔒Leading healthcare organizations in Central Mass. cutting total executive pay

Faced with declining patient discharge numbers and seeing a chance to pare costs that didn’t directly affect patients, UMass Memorial Health Care leaders in Worcester made a tough financial choice to cut much of its executive ranks.

Solar farm site at former Lancaster Golf Center sells for $3.6M

A former golfing center in Lancaster being developed into a solar energy site has been bought by a Maryland green energy investment firm for nearly $3.6 million.
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