WORCESTER, MASS. — Jones Lang LaSalle (JLL) has brokered the sale of a five-story, 160,000-square-foot office building, located at 55-57 Union St. in Worcester. The building includes 20,000 square feet of wet lab space, as well as a vivarium. The buyer, TDG Union Street LLC, plans to reposition the property in an effort to attract life sciences tenants. Planned improvements include the renovation of the building’s lobby, the construction of a café and tenant fit-ups. The building will be renamed Redstone Center. Brendan Callahan of JLL represented the seller, Charles River Laboratories, and procured the buyer. Callahan and JLL’s Daniel Cordeau were retained to lease the property on behalf of the buyer. The acquisition price was not disclosed.
161
previous post