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The Silverbrick Group Acquires Office Building On 340 Main Street In Worcester, MA For $14.5M

340 Main Street⁠
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This Office property located in MA was sold for $14,500,000 over 3 years ago. The brokers of the deal were Chris Phaneuf, Adam Dunn, and Michael (Mike) Restivo

The office property located at 340 Main Street in Worcester, MA has been sold for a total price of $14,500,000. The transaction took place on December 10, 2020, and the property spans across 333,302 square feet. The price per square foot for this sale equates to approximately $44.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $14,500,000
  • Address: 340 Main Street
  • Market: Worcester, MA

The seller in this transaction was Commerce Associates, LLC, and the buyer of the property was The Silverbrick Group. The deal was facilitated by brokers from JLL Capital Markets, namely Adam Dunn, Mike Restivo, and Chris Phaneuf.

View Related

Deals
  • Location
    340 Main Street, Worcester, MA, USA340 Main Street, Worcester, MA, USA
  • Sale Price
    $14,500,000$14,500,000
    $43 PPSF$43 PPSF
  • Area
    333,302 SF333,302 SF
  • Asset Type
    OfficeOffice
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Chris Phaneuf

Chris Phaneuf

Deals4
Sold$150.4M

Adam Dunn

Adam Dunn

Deals4
Sold$150.4M

Michael (Mike) Restivo

Michael (Mike) Restivo

Deals18
Financed$285.9M

Agencies

Berkadia

Berkadia

Agency
Deals1097
Volume$45.7B

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE⁠ IMAGE: Adam Dunn, Mike Restivo, & Chris Phaneuf⁠ DATE: 12/10/2020⁠ ADDRESS: 340 Main Street⁠ MARKET: Worcester, MA⁠ ASSET TYPE: Office⁠ ⁠ SELLER: Commerce Associates, LLC⁠ BUYER: The Silverbrick Group⁠ BROKERS: Adam Dunn, Mike Restivo, & Chris Phaneuf - JLL Capital Markets⁠ ⁠ SALE PRICE: $14,500,000⁠ SF: 333,302 ~ PPSF: $44⁠ ⁠

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340 Main Street⁠

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