Synergy Investments Acquires Office Building In Worcester, MA For $10.5M

The office property located at 10 Chestnut Street in Worcester, MA has been sold. The transaction took place on March 2, 2023, with a sale price of $10,500,000. The property spans 273,304 square feet and the price per square foot was $38. The buyer of the property is Synergy Investments, while the seller is Hertz Investment Group. The deal was facilitated by brokers Brian Johnson and Jim Umphrey of Kelleher & Sadowsky.

Summary of transaction details:

• Property Type: Office
• Sale Price: $10,500,000
• Square Footage: 273,304 SF
• Price per Square Foot: $38
• Buyer: Synergy Investments
• Seller: Hertz Investment Group
• Brokers: Brian Johnson & Jim Umphrey - Kelleher & Sadowsky

This transaction represents a significant deal in the office market of Worcester, MA. Synergy Investments, led by Brian Johnson and Jim Umphrey of Kelleher & Sadowsky, successfully acquired the property from Hertz Investment Group at a price of $10,500,000. The office building on Chestnut Street offers a total of 273,304 square feet of space, providing ample opportunities for various business purposes. This deal highlights the active real estate market in Worcester, MA and the strong presence of both Synergy Investments and Hertz Investment Group in the region.