Site of Via Italian Table, WBDC sold for $7.3 million

Photo | Courtesy of Marcus & Millichap Two prominent Shrewsbury Street properties were sold to a partnership between Barry Lundgren, partner at Auburn-based Lundgren Equity Partners, and Dave Fontaine Jr., CEO of Springfield-based Fontaine Bros.

Write a Comment

By Eric Casey

Two prominent buildings on Shrewsbury Street in Worcester are under new ownership.

Two large brick buildings located at 89 Shrewsbury St. and 10,12, and 14 East Worcester St., along with an adjacent parking lot at 49 Shrewsbury St., were sold for $7.25 million in a deal finalized on Tuesday, according to Worcester District Registry of Deeds records.

The properties were sold to a partnership between Barry Lundgren, partner at Auburn-based Lundgren Equity Partners, and Dave Fontaine Jr., CEO of Springfield-based Fontaine Bros, according to Tyler Alten, partner at Lundgren Equity Partners.

The partnership, working under the Worcester-based entity 89 Shrewsbury Street LLC, purchased the property from Condron Worcester Realty.

Prominent tenants at the two sites include Via Italian Table, Worcester Business Development Corp., Bollus Lynch LLP accounting firm, Fontaine Bros., Cardinal Construction & Project Management, and the local office of Congressman Jim McGovern.

"We are thrilled to be part of writing the next chapter for this marquee property here in the city and to further our investment, literally and figuratively, in Worcester with this acquisition,” Dave Fontaine Jr. said in a press release issued Monday. “We look forward to partnering with Barry and the team at Lundgren Equity Partners as stewards of this property now and for decades to come."

The buildings were constructed around the turn of the 20th century. In 2007, the property was extensively renovated and modernized in a project designed by Daniel Lewis, who was then with Lamoureux Pagano Associates in Worcester, according to Lewis’ website.

Harrison Klein of Marcus & Millichap real estate firm, headquartered in California with an office in Boston, listed the property for sale and sourced the buyers.

“This is the third converted, historic office building I’ve sold in as many years,” Harrison wrote in a Monday email. “We had tremendous interest in this property from both local and regional buyers. We appreciated the opportunity to sell this property which had been in the Condron Family for many decades.”

Combined, the three parcels were given a 2025 tax assessment value of $8.18 million, according to City of Worcester property records.

Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.