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Nouria Headquarters Gets New Ownership
Kelleher & Sadowsky Associates closed the $13-million sale of 324 Clark St. in Worcester, MA. The brokerage firm’s Donald J. Mancini and James P. Cozza represented Worcester Investment Group in selling the 85,000-square-foot office property to Lowfield Realty Group.
324 Clark was fully occupied at the time of sale. Tenants include two state agencies, the Department of Developmental Services (36,000 square feet) and Department of Early Education and Care (11,000 square feet); South Bay Community Services (14,000 square feet); and Nouria Energy Corporation (25,000 square feet).
The seller, Worcester Investment Group, is owned by Tony El-Nemr, president and CEO at Nouria, one of New England’s largest convenience store operators and fuel retailers. Under the agreement, Nouria will continue to headquarter its operations at 324 Clark St.
Cornerstone Bank, headquartered in Worcester, provided the financing for the buyer.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
