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Barry Lundgren And Dave Fontaine Jr Acquire Mixed-Use Portfolio In Worcester For $7.25M

Property Image
SOLD
$7,250,000

Massachusetts

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Mixed-use251,307 SF
Sold 05/22/2025
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Property Image
SOLD

Barry Lundgren And Dave Fontaine Jr Acquire Mixed-Use Portfolio In Worcester For $7.25M

10 East Worcester Street, 14 East Worcester Street & 89 Shrewsbury Street

See Similar Deals
Mixed-use251,307 SF
Sold 05/22/2025
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Summary

MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$28
Total Square Footage:251,307 SF
Transaction Type:Sale

The transaction involved a mixed-use portfolio located at 10 East Worcester Street, 14 East Worcester Street, and 89 Shrewsbury Street in Worcester, MA. The sale price was $7,250,000, covering an area of 83,769 square feet across 2.17 acres. The price per square foot is noted at $87.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $7,250,000
  • Address: 10 East Worcester Street, 14 East Worcester Street & 89 Shrewsbury Street
  • Market: Worcester, MA
  • Square Footage: 83,769
  • Price per Square Foot: $87
  • Buyer: Barry Lundgren - Lundgren Equity Partners & Dave Fontaine Jr - Fontaine Bros
  • Broker: Harrison Klein - Marcus & Millichap
  • Acres: 2.17

The deal was brokered by Harrison Klein from Marcus & Millichap, facilitating the purchase by Barry Lundgren and Dave Fontaine Jr, who formed a new partnership called 89 Shrewsbury Street LLC for this acquisition.

Players

Harrison Klein
47 deals$177.2M volume
BROKER

Lundgren Equity Partners, LLC
BROKERAGE

Details

SOLD
IMAGE: Dave Fontaine Jr & Harrison Klein DATE: 05/22/2025 ADDRESS: 10 East Worcester Street, 14 East Worcester Street & 89 Shrewsbury Street MARKET: Worcester, MA ASSET TYPE: Mixed-use ~ ACRES: 2.17 BUYER: Barry Lundgren - Lundgren Equity Partners & Dave Fontaine Jr - Fontaine Bros (@FontaineBuilds) BROKER: Harrison Klein (@TheKleinGroupBoston) - Marcus & Millichap SALE PRICE: $7,250,000 SF: 83,769 ~ PPSF: $87 NOTE: Marcus & Millichap brokered the $7.25M sale of a mixed-use portfolio in Worcester to 89 Shrewsbury Street LLC, a new partnership between local business leaders Barry Lundgren and Dave Fontaine Jr.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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