Worcester Business Journal

wbjournal.com | January 21, 2019 | Worcester Business Journal 7 R E A L D E A L Real Deal highlights a recent commercial property transaction in Central Massachusetts. Commercial real estate firms wanting to submit information on recent transactions can send it to editorial@wbjournal.com. ADDRESS: 398 Cedar Hill Road, Northborough SALE PRICE: $6.5 million SELLER: Metro-Park Marlborough Realty Trust BUYER: A4 Cedar Hill LLC and RCM LLC A4 Cedar Hill LLC, registered to Concord-based Arris Partners LLC, now has a 24-percent stake in this 50,000-square-foot warehouse while South Carolina entity RCM LLC has a 76-percent stake. The multi-tenant building built in 1985 is currently at least partially occupied by Veolia North America, a provider of energy management solutions. Source: Masslandrecords.com — Compiled by Zachary Comeau, WBJ staff writer ank You to Our Sponsors: Bay State Savings Bank Becker College Bollus Lynch Bowditch & Dewey Cigna Health and Life Insurance Company Citizen's Bank College of the Holy Cross Consigli Construction Country Bank Fred & Patty Eppinger Fallon Health Fidelity Bank Fletcher Tilton PC Attorneys at law e Hanover Insurance Group Foundation Lamoureux Pagano Architects Linda Cavaioli & John Medbury Robin & Marion Mahar Masiello Construction Charles & Lenore Monahan National Grid of Massachusetts Optum Health Oriol Health Care People's United Bank R.H. White Companies Strategic Benefit Advisors TD Bank Michael & Dorothy Tsotsis UniBank Unum Make a Difference for Children & Those Who love TheM With Special anks to the Worcester Country Club's Lori Lajoie Committee Honoring Sue Mailman February 22, 2019 • 6:00 p.m. • Mechanics Hall, Worcester Order Tickets Online at sevenhills.org/miles-lincoln Former Hanover manager promoted to Michigan VP A former Hanover Insurance Group manager and Worcester Business Journal 40 Under Forty winner has been promoted to vice president of a Michigan casualty insurance company. Abel Travis, formerly Hanover assistant vice pres- ident and head of commercial lines product manage- ment , is now the vice president of underwriting and product innova- tion for AF Group in Lansing. Travis was at the Hanover for more than six years until April 2018. His 2017 40 Under Forty award was cited in AF Group's announcement. Mass. pot retailer NETA acquired by Atlanta firm New England Treatment Access, one of the first two Massachusetts compa- nies to open a retail marijuana store, has been acquired by an Atlanta firm. NETA, which grows and produces cannabis products in Franklin, was acquired by Surterra Wellness. Central Mass. to train 160 manufacturing workers e Baker Administration is doling out $2.5 million to four regional con- sortia through a state training program to help bridge the skills gap in the advanced manufacturing industry. e Advanced Manufacturing Train- ing Program, launched in 2015, will use the funds to help train more than 700 unemployed or underemployed residents in the sector. e Central region, coordinated by MassHire North Central Workforce Board, will provide training and place- ment of 160 workers. Community Healthlink restoring 24/7 services Community Healthlink, a Worcester treatment center, is due to restore its around-the-clock availability with a grant from the Blue Cross Blue Shield of Massachusetts Foundation. e $200,000 grant will help the UMass Memorial Health Care-affiliat- ed center provide medication-assisted treatment, develop tele-medicine capa- bilities, and develop a team of certified recovery coaches. Community Healthlink, located at 72 Jaques Ave., treats mental illness, substance use, and homelessness. Biz confidence dims amidst market volatility Confidence levels among Massachu- setts employers hit a two-year low in December, driven by national factors like the federal government shutdown and the largest one-month stock mar- ket decline since the Great Depression. Closer to home, employers have their eyes on the cost of health care and fees imposed by the state. Worcester County not popular for Airbnb Worcester County ranked near the bottom in Massachusetts for 2018 income and guests on hospitality plat- form Airbnb. Worcester County saw 24,700 guests, and and hosts took in $3.4 million in income. Both figures rank the Central Massachusetts county at ninth out of 13 Massachusetts counties. Abel Travis, vice president of under- writing, AF Group W

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