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Silverbrick Buys Historic Office Building in Massachusetts
Completed in 1897, the nine-story building is considered Worcester’s first high-rise. Dec112020
Image courtesy of JLL Capital Markets
The Silverbrick Group has acquired 340 Main St., a nine-story office building in central Worcester, Mass. The Commerce Associates sold the 333,302-square-foot asset in a $14.5 million deal brokered by JLL Capital Markets.
The seller let go of the historic building following an ownership that stretched over more than half a century, CommercialEdge data shows. Silverbrick is planning to reposition the asset as a mixed-use property that will encompass residential units, office, retail and self-storage space.
The 1.2-acre site is part of a designated Opportunity Zone and is situated amidst an array of colleges, universities and healthcare institutes, including Clark University, The University of Massachusetts Medical School and Massachusetts Biotechnology Research Park.