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Chacharone purchases vacant Worcester mill for $850,000

WORCESTER — A 105,000-square-foot vacant mill building at Gardner and Hollis streets in Main South was sold to a developer for $850,000. The parcel was purchased by Southgate Street Realty LLC, a subsidiary of Chacharone Properties LLC. The parcel includes four properties: 50 Gardner St., 38 Gardner St., 40 Gardner St. and 30 Hollis St. Mel Chacharone, principal and in-house counsel at Chacharone Properties, …

Table Talk breathes sigh of relief with new 30,000 sq.ft. cold storage facility

By Zachary Comeau A new 30,000-square-foot building will house Worcester dessert maker Table Talk Pies’ finished products and eliminate the need for several smaller freezer units throughout the Northeast. The freezer building on Armory Street in the South Worcester Industrial Park was officially opened Thursday as city officials joined Table Talk representatives and developer Chacharone Properties for a ribbon cutting. The facility will be …

Worcester housing market squeezing out the poor

On Aug 28, the nonprofit RCAP Solutions, which generates about $32 million in annual revenue, opened its new headquarters at 191 May St. in Worcester, consolidating operations from its Garnder and Worcester offices. With the new office, Executive Vice President Bill Minkle said RCAP can work better and more efficiently.   How many clients do you see annually? We see about 6,000 clients per …

Former Allegro Microsystems building sold for $3.9M

The former Allegro Microsystems building at 115 Northeast Cutoff in Worcester has sold to an industrial property developer for $3.9 million. The sale to Worcester-based Chacharone Properties comes nearly a year after the company moved out of the nearly 200,000-square-foot Worcester location in favor of a new facility in Marlborough. The Worcester space, according to Allegro President and CEO Ravi Vig, was falling short …

Sterling Crossing project to finish in November

A Saint Vincent medical office is expected to open on Nov. 1 in the first floor of the 96-102 Leominster Rd. property in Sterling, named “Sterling Crossing.” Other medical offices are still in the works, said Jim Chacharone, founder of Chacharone Properties LLC. “Nothing’s firm yet,” Chacharone said. “We’re serious with a physical therapy facility and two other doctors.” Chacharone Properties owns the Leominster …

New buildings unlock opportunity at South Worcester Industrial Park

WORCESTER – Take about 11 acres of land, buy much of the property, tear down decrepit buildings, give new construction a tax break and then resell available parcels to developers. That’s the recipe the city of Worcester followed with the South Worcester Industrial Park over close to two decades, a swath of land wedged between Canterbury Street and railroad tracks. The land was once …

Chacharone Properties Acquires Former McDonald’s in Auburn, MA

The long-time McDonald’s fast-food restaurant in Auburn will be converted into professional offices. The property at 813 Southbridge St. in Auburn was sold to Worcester-based CM Developers, LLC for $580,000, according to an announcement Thursday from Worcester real estate brokerage NAI Glickman Kovago & Jacobs, who represented the sellers – McDonald’s Real Estate Co. of Delaware. The 6,587-square-foot building sits on a 4.1-acre lot. …

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 …

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 …

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 …

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, …

Worcester is Top 20 Metro Area

Construction cranes dot the Worcester’s skyline, a happy sign of economic resurgence for Central Massachusetts.  More than $2 billion in real estate investments have recently been completed or are underway in Worcester.  New buildings are rising to accommodate growth in healthcare, insurance, higher education, biotechnology and medical research, all major industries in the city. Brookings Institution recently named Worcester one of the top 20 …

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