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

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.