MARLBOROUGH, MA \u2014 A large local real estate investor in June purchased two former Berkshire Bank branches in Marlborough and Westborough, according to property records. <\/p>\n
According to property records, Lundgren Equity Partners through a limited liability company called 303 Turnpike Road bought the Marlborough branch at 322 Maple Street for $1.25 million. The LLC also bought the branch at 303 Turnpike Road for $3.9 million. That location straddles the Westborough and Northborough line. <\/p>\n
Pittsfield-based Berkshire Bank said last year it would permanently close the two branches, although the Westborough location has been closed since the pandemic, according to the Worcester Business Journal.<\/p>\n Lundgren has emerged in recent years as a major player in real estate in central Massachusetts and beyond. The company was behind a 218-unit mixed-use development in Worcester along Shrewsbury Street, although recently canceled that project to instead redevelop the commercial plaza where the residential building would’ve stood. <\/p>\n The company also owns a variety of properties in Massachusetts, Connecticut, Rhode Island and Vermont, including office buildings in downtown Worcester and Providence, and industrial facilities across southern Worcester County. <\/p>\n A Lundgren representative did not immediately return a request for comment about what’s in store for the former bank branches.<\/p>\n \n Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.<\/p>\nInterested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.<\/h2>\n
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