CBRE/NE ARRANGES $16M RETAIL CENTER SALE IN WORCESTER

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WORCESTER, MASS. — CBRE/New England’s Capital Markets team has brokered the sale of Price Chopper Supermarket located at 50 Cambridge St. in Worcester. H&R REIT sold the 69,000-square-foot property to The Federated Companies for $16 million. Built in 2003, the Worcester Price Chopper serves as the flagship store in Worcester, one of Price Chopper’s primary markets. Price Chopper operates 10 stores in the Greater Worcester market and has more than 130 locations throughout the Northeast. Nat Heald, Chris Angelone, Bill Moylan and Bruce Lusa of CBRE/New England represented the seller and buyer in the transaction.

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