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Silverbrick Group Snags Historic Worcester Office Property for $15M

JLL has negotiated the $14.5 million sale of 340 Main St., a 333,302-square-foot historic office building in Worcester, MASS.

Built in 1897, the property is currently leased to a tenant roster that consists of legal, financial services and government tenants. The buyer, Silverbrick Group, plans to convert the nine-story property into a mixed-use development with office, retail, multifamily and self-storage uses. The one-acre site is located within a designated Opportunity Zone.

Adam Dunn, Mike Restivo and Chris Phaneuf of JLL represented the seller, Commerce Associates LLC, in the transaction.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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