Worcester Business Journal

wbjournal.com | March 21, 2022 | Worcester Business Journal 7 202 Brigham St., Northborough, MA • 508-393-2444 For Tee Times: www.juniperhillgc.com Juniper Hill Golf Course Celebrating 90 Years of Golf • Friendly Atmosphere • Two well groomed, established courses • No membership fee • Excellent meeting facilities • 36 Challenging Holes • Top 10 Public Golf Course in Massachusetts • Golf Teaching Center Call us at 508-351-9500 Give the gift of golf Gift certificates for golf, lunch, lessons and equipment are available in the Pro Shop 508-393-2444 Outings & Functions 3 to 300 guests in a variety of settings T H E T I C K E R 58.1 Central Massachusetts Business Confidence Index rating for February, showing the region's companies are more optimistic than the statewide average of 56.7 Source: Associated Industries of Massachusetts, Worcester Regional Chamber of Commerce 22 Source: Mara and Frank Inangelo Loss in value of a 200,000-square-foot Sturbridge outdoor shopping center from when CIM Group bought it for $43.5 million in 2016 to when it sold it for $31.6 million on March 10 $12M Sources: Town of Sturbridge, Worcester Registry of Deeds 250,314 Source: Fallon Health Years bartender Frank Inangelo worked for Vincent Hemmeter at Vincent's bar in Worcester before Hemmeter sold Nick's Bar to Inangelo and his partner Fallon Health members at the end of 2021, a 4% drop from the Worcester insurer's 2020 membership business in Russia. TJX invested $225 million in Familia in November 2019, and the carrying value of its invest- ment in late January was $186 million, according to the SEC filing. TJX executives Doug Mizzi and Scott Goldenberg resigned from their director and observer positions, respectively, on Familia's board of directors. Other major companies like Apple, Disney, Ford, and Exxon have also divested some operations in Russia since the initial attack on Ukraine on Feb. 24. Baba Sushi owner to open fusion restaurant at former Fotini's in Bolton Weidong "Wilson" Wang, who owns Baba Sushi in Worcester and Sturbridge, bought the former Fotini's Restaurant in Bolton for $1 million on March 11. Wang plans to reopen the restaurant as a fusion between the old Fotini's and his own sushi chain, said Sara Gallant, general manager at Baba Sushi. Fotini's served Greek and Italian fare, including handmade pizzas. e new restaurant, which will be called Baba and the Legacy Kitchen, will include the most popular items from Fotini's and Baba Sushi using a dou- ble-sided menu concept. "ere were a lot of regulars at the old restaurant who would come several times a week," said Gallant. Anastasios Kessaris opened Fotini's in 2013 when he bought the property at 544 Wattaquadock Hill Road in Bolton. Kessaris and Wang are old friends, Gallant said. "[Kessaris] is older, so I think he's sort of been a mentor to Wilson," she said. e two will work together to start out the restaurant, but Wang will ulti- mately overtake the responsibilities. e restaurant is 2,000 square feet on nearly an acre of land, much of which is parking space. e buying entity in Friday's sale was Bolton Baba LLC, which is registered to Wang, Laurel Xie, and Wentao Huang. Veterans Inc. receives $430K for Shrewsbury detox center Veterans Inc. has received $430,000 to support behavioral health services for veterans and their families, as part of a the new $1.5-trillion federal appropria- tions bill passed in early March. e funds will be used to build a Level 4 Medically Managed Intensive In- patient Services facility at Veteran Inc.'s Independence Hall Treatment Center in Shrewsbury, according to a press release Friday from Congressman Jim McGov- ern (D-Worcester), who advocated for the funding. W

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