Colebrook Realty Services, Inc. brokers sale of Colonial Block Buildings (1139-1155 Main Street, 113-115 State Street, & 11-21 Stockbridge Street) in Springfield, MA.
Springfield, MASSACHUSETTS (September 30, 2021) – Colebrook Realty Services, Inc. announces today the sale of roughly 133,995 square-feet of mixed-use buildings along Main Street in Springfield. The properties are located directly across from MGM Casino and are centrally located with easy access to I-91. The three buildings were previously owned by Freedom Credit Union and The City of Springfield was the purchaser.
These properties represent a key block for the city of Springfield, being so close to the MGM Casino development and a primary intersection of downtown. They also serve as key office and retail locations for local businesses. Strategically these buildings are important to the city’s ongoing initiatives and development goals. Colebrook represented Freedom Credit Union in the sale of these assets and they were acquired by the city for $2,750,000.
“The State and Main Properties are integral to the City,” said Mitch Bolotin, Principal/Vice President of Colebrook. “It was important for these properties to have the proper stewardship, ownership and now, with the City of Springfield, these properties are in good hands and will continue to add to the fabric of Downtown.”
Further questions about the sale of 1139-1155 Main Street, 113-115 State Street, and 11-21 Stockbridge Streets may be directed to Mitch Bolotin at mjbolotin@colebrookrealty.com or by phone at 413-781-0066.
About Colebrook Realty Services, Inc.
Established in 1973 as the real estate arm of SIS Bank, Colebrook has been independently owned since 1988. The firm’s emphasis over the past decade has been on leveraging its development and ownership experience to its client services practice, including tenant representation. Colebrook’s expertise is working with those seeking commercial properties for sale or lease in the greater Pioneer Valley, as well as with owners of real estate who could use a seasoned approach to selling or leasing their properties. Feel free to get in touch should you have questions about commercial real estate in Springfield MA or the surrounding cities and towns.
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