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News:
Owners Developers & Managers
Posted: September 30, 2022
Bongiorni of SR Commercial Realty brokers sale of retail portfolio in downtown Springfield
Springfield, MA Paul Bongiorni of SR Commercial Realty represented the seller of a retail portfolio at 885-887 Sumner Ave. and 9-15 Dorset St. The sale consisted of three buildings: A single-tenant building on Sumner Ave., a multi-tenant plaza on Dorset St., and a small warehouse. The buildings are fully leased to four small businesses and total 4,888 s/f of rentable space. The sale price was $310,000.
The properties are adjacent to a proposed conversion of the abandoned Highland Division Railroad to a public walking and biking trail. The trail would run parallel to Dorset St., crossing through the city’s East Forest Park neighborhood to Springfield College’s campus, and eventually interconnect to a separate trail project in the Mc-
Knight neighborhood. A feasibility study has been completed, and the project is now in the funding and design stages.
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