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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

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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