CategoriesGeneral News

Sold out: Every available parcel in this once-vacant Massachusetts industrial park has been purchased

WORCESTER — A project 22 years, six months and some days in the making, the city of Worcester has finally sold all of the parcels available in what was once a South Worcester industrial wasteland.

“SWIP is done,” City Manager Edward Augustus Jr. said.

Chacharone Properties, Advanced Machinery and Table Talk Pies have finalized deals to develop six parcels of land equivalent to about 95,000 square feet of new construction. The entire South Worcester Industrial Park is more than 200,000 square feet of land.

James Chacharone, president of Chacharone Properties, announced at a groundbreaking for Table Talk Pies that he wants to construct a manufacturing building about 7,500 square feet on spec which he hopes to fill with an industrial tenant. Chacharone’s purchase was the last remaining parcel in the industrial park area.

Chacharone’s company is also building Table Talk Pies’ new, 50,000 square foot manufacturing plant, which will open in approximately six months.

“There’s a great need for manufacturing in Worcester,” Chacharone said. “I saw there was a lack of industrial manufacturing in the city.”

Worcester is in the midst of a renaissance of development, dining and culture in the city, but industry and manufacturing are areas that have continued to be slow to catch up.

Local businessman Steve Rothschild will be building a high-tech manufacturing plant across from the Table Talk Pies factory, according to Peter Dunn, business programs manager with the city’s Executive Office of Economic Development.

The building will house high-tech business incubators that will also have access to loading docks to manufacture and ship equipment. With the ability to design and manufacturer in the same space locally, Dunn hopes those smaller, high-tech businesses will stay in Worcester.

Next door to that, Absolute Machinery, which refurbishes expensive machines, will be expanding it’s building on a nearby parcel.

Augustus hopes the six empty parcels that once made up South Worcester’s industrial wasteland will be developed into a vibrant industrial park.

“(The industrial park tenants) could be small electronics or medical device manufacturers. We’re willing to look at any tenant that wants to come in. We want it to be diverse,” Augustus said.

Augustus still remembers when the industrial park was just abandoned, city-owned property dotted with old, useless mill buildings and overgrown grass. Now, it could be job producing, taxable property.

“I remember that it was an abandoned lot that did nothing for the city,” Augustus said. “But we’ve still got a lot of work to do.”

 

MassLive.com

CategoriesProperty Update

Table Talk breaks ground on 1-million-pies-per-week facility

Table Talk Pies broke ground on a new manufacturing site in Worcester that will produce 1 million pies a week once it comes online.

The groundbreaking took place at the South Worcester Industrial Park on Thursday morning and was attended by numerous city officials, representatives of Table Talk as well as James Chacharone, founder of Worcester-based Chacharone Properties that is developing the site.

The Table Talk project covers the construction of a 50,000-square-foot modern industrial building set to be completed in approximately six months. The site will bring 30 jobs from the company’s existing facility on Water Street and create an additional 50 full-time jobs.

Table Talk Pies is a family business that was established in 1924. Harry Kokkinis, president of Table Talk Pies, said that the company spent four months looking for a proper site for the expanded manufacturing capacity and could not find an existing structure in Worcester.

The property’s construction is being handled by RP Masiello Inc. of Boylston, which has worked on eight other projects with Chacharone Properties.

 

CategoriesGeneral News

One on One with Jim Chacharone

Jim Chacharone started a construction business in 1982, building single-family homes in the Worcester area, which eventually expanded to acquire commercial buildings. Chacharone Properties has 12 full-time employees and is located at Chadwick Court. A graduate of Brooklyn Polytech Institute, Mr. Chacharone worked in the aerospace industry for 20 years for companies, including IBM and United Aircraft. Chacharone Properties owns approximately 2 million square feet of property.

For people unfamiliar with your company, could you describe what you do?

“Chacharone Properties develops and manages commercial and industrial property. We either purchase and renovate existing office/commercial property or develop it ourselves. We also lease out and manage our own properties. Our in-house construction company, C&S Construction, offers custom turnkey build-outs to our tenants. C&S provides timely, day-to-day maintenance. This gives us a distinct advantage over our competitors.”

What are some examples of your projects?

“Our business portfolio includes Chadwick Court and Lakeview Court in Worcester. Many of our tenants are professional medical offices. Chadwick Court, on the corner of West Boylston Street and Grove Street, includes Starbucks and United Bank as tenants. It was the first class A office building to be built in Worcester in 20 years. Lakeview Court is across from the Greendale YMCA and it overlooks Indian Lake. Our two newest industrial spaces are located on 10 Pullman St. and 243 Stafford St. in Worcester. We acquired them earlier this year and are currently undergoing renovations. These warehouse facilities include Blue Hive Inc., Top Prospect Baseball/Softball Academy and Eternity Ironworks.”

Is it usual to have an in-house maintenance team available?

“It is not usual. However, we think our team sets us apart from other developers. When our tenants call with an issue, they’re speaking with our office manager or principal of the company. We take their needs seriously and do everything to respond as soon as possible. Having our own service team – including carpenters, plumbers and electricians – as well as construction supervisors allows us to quickly address tenants’ needs 24/7. We’re able to offer on-the-spot decisions to address all tenant requests. There is no middle man.”

Why is Worcester a good location for development?

“Worcester is ideal because it is centrally located. At the time we started construction on Chadwick Court, we recognized the need for class A office space outside the business district. I’d previously developed 40 Millbrook St. and the Ice House on Grove Street, which housed the Boston Billiards Club, and became familiar with the area and took advantage of the property, formerly Nick’s Grill, to construct Chadwick Court. From there, we continued to develop in Worcester with Brittan Court at 299 Lincoln St. and Lakeview Court at 102 Shore Drive.”

Do you have geographical boundaries?

“We’re concentrated in Central Mass. from Marlboro to Sturbridge. With the opportunities available in Central Mass., we remain focused on the Worcester area, where we can best service our properties from our home office. If we find an opportunity to expand beyond Central Mass., we’ll certainly consider it.”

Describe your development of a facility for Table Talk Pies.

“We’re partnering in the construction of a new 50,000-square-foot facility building with Table Talk Pies for the expansion of their business in Worcester. Table Talk Pies has been in Worcester since 1924, and Chacharone Properties not only wants to keep this reputable company in the city, but we also recognize the potential of the South Worcester Industrial Park (SWIP), which has been vacant for 20 years. This Table Talk Pies expansion will create new jobs for the city, which we’re always excited to see. If all goes well, the new facility will be up and running in time for the 2017 holiday season.”

What do you consider to be the most challenging project you’ve ever worked on?

“Exciting might be a better word. All of our projects are challenging in different ways. For some, the site was the challenge. In other projects, the structure itself presented challenges and in others, the completion schedule became a challenge. At 220 Brooks St. in Worcester, we had to complete a total renovation of 60,000 square feet for Porter and Chester Institute within 10 weeks. This included office space, academic and technical facilities, and a full automotive repair training garage.”

 

Worcester Telegram

CategoriesProperty Update

Chacharone Properties adds solar panels to property

WORCESTER – Chacharone Properties, a local commercial property developer and manager, has partnered with Solect Energy to install a 650 kilowatt (kW) solar system on the roof of its office and industrial property located at 220 Brooks St. The installation will allow the company to grow its business while saving on energy costs.

“Solar has provided us with a new non-traditional source of revenue, improved our environmental footprint, and helped modernize our company all in order to achieve our primary goal of providing quality commercial space in Central Massachusetts,” said James Chacharone, principal at Chacharone Properties, in a news release. “It’s been incredibly satisfying to witness the positive response from our tenants and business partners.”

Prior to exploring solar energy, Chacharone Properties implemented other initiatives to go green. Many of the company’s spaces use motion sensor lighting, and the firm is in the process of converting to LED lighting. Currently, 20 percent of Chacharone’s properties have transitioned to LED lighting systems, and the company is evaluating plans for its remaining properties.

In addition to the company’s cost savings and the environmental benefits, Chacharone has taken interest in modernizing its business. Part of that strategy includes taking advantage of the newest technology available to the commercial real estate market. The company plans on evaluating each of its existing properties, as well as its upcoming projects, for solar energy installations and will implement them where it is most beneficial to its business model and tenants.

 

Worcester Telegram

Solar Industry

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