Chestnut Place office buildings in Worcester are sold
Thursday, March 12, 2015
By Aaron Nicodemus TELEGRAM & GAZETTE STAFF
Aaron.Nicodemus@telegram.com
WORCESTER — A California-based real estate investment group has purchased Chestnut Place, a pair of office buildings in downtown Worcester, for $14 million.
The new owner is Hertz Investment Group of Santa Monica, California, a privately held real estate investment group that owns 15.2 million square feet of office space nationwide.
The buildings are currently leased to Fallon Community Health Care, UBS Financial Services and Sullivan Group insurance. The two buildings have a 218,625 square feet of space.
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