View story at wbjournal.com
By Timothy Doyle
The Worcester Registry of Deeds is extending its stay in the city’s downtown.
The Massachusetts Division of Capital Asset Management and Maintenance, on behalf of the Massachusetts Office of the Secretary of the Commonwealth has signed a new 10-year lease agreement for 15,859 square feet in the Mercantile Center, providing updated offices for the Worcester Registry of Deeds, which has been a tenant in the building for more than 15 years.
Franklin Realty Advisors of Wellesley, which owns the building, announced the new lease on Monday. Will Kelleher, principal at Worcester commercial real estate brokerage Kelleher and Sadowsky, represented the landlord in the transaction.
“DCAMM’s decision to join us for the next 10 years is a significant commitment, especially during the current challenging times we are all experiencing in the commercial real estate market,” Chip Norton, president and owner of Franklin Realty Advisors, said in the Monday announcement.
DCAMM, headquartered in Boston, is responsible for capital planning, major public building construction, facility management, and real estate services for the Commonwealth of Massachusetts. DCAMM manages more than $2 billion in capital projects and directly manages 5.5 million square feet of state buildings.
Franklin Realty Advisors has developed, acquired, and/or managed $200 million in Central Massachusetts office and mixed-use projects.