Mark Morgan Of The Michaels Organization And Brendan Gove Of GoVenture Capital Group Acquire Development Site In Worcester For $10M

The property asset involved in the transaction is a development site located at 33 Arctic Street & 2 Keese Street, Worcester, MA. The site was acquired for a sale price of $10,000,000. The buyer intends to develop a 364-unit apartment complex on the 12 parcels, currently housing existing industrial buildings and vacant lots.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,000,000
• Buyers: Mark Morgan - The Michaels Organization & Brendan Gove - GoVenture Capital Group
• Location: Worcester, MA
• Asset Details: 12 parcels near Worcester's Union Station

The transaction involved Mark Morgan representing The Michaels Organization and Brendan Gove representing GoVenture Capital Group. These individuals played key roles in facilitating the purchase of the development site to enable future housing construction in the area.