The final parcel at the South Worcester Industrial Park (SWIP) has been sold, City Manager Edward Augustus announced Thursday.
The parcel at 26 South Gate St. was sold for $65,000 to Chacharone Properties, according to city officials. The company announced it will build a 7,500-square-foot manufacturing building on the site. This is in addition to the company’s other projects at the site that include a 50,000-square-foot building being specifically constructed for Table Talk Pies as well as another 8,000-square-foot manufacturing building being created ahead of a tenant.
“I find there is a great need for industrial sites in Worcester, so that is where we are concentrating our effort,” said James Chacharone, founder of Chacharone Properties.
The sale marks the culmination of over 20 years of work bringing SWIP to its potential, said Augustus. The industrial jobs that will be brought to the area as a result of this construction will revitalize this section of Worcester and represents the work that is continuing throughout the city, neighborhood by neighborhood even as construction surges forward downtown.
“It’s not just about downtown economic development, and jobs are not just downtown. They are across the city,” Augustus said.
The buildings in the industrial park cover more than 200,000 square feet of space, according to city officials.
