Worcester Business Journal

wbjournal.com | September 7, 2026 | Worcester Business Journal 5 REAL ESTATE INSIDER DEVENS More manufacturing space Boston-based King Street Properties has completed a new 275,000-square-foot manufacturing building at the KSP Pathway Campus. e building was built to meet the state's stretch energy code require- ments and features flexible manufac- turing space, according to the Devens Enterprise Commission's August report. KSP is still looking to secure a tenant for the site, which is part of the larger 42-acre campus biotech and clean manufacturing campus that began development in 2020. FITCHBURG New airport hangers e Fitchburg Planning Board on Aug. 25 unanimously approved a spe- cial permit and site plan for six private aircra-hangar buildings at Fitchburg Municipal Airport. Applicant Robert Montana of Berlin-based Rocking Horse Enterprises proposed about 14,000 square feet of hangar space, with 30 individual units. e project is included in the airport master plan and received review or approval from the Federal Aviation Administra- tion, Massachusetts Department of Transportation, and Fitchburg Airport Commission, according to the board's discussion. Board approval was conditioned on the airport ad- dressing firefighting-foam capacity to the Fitchburg Fire Department's sat- isfaction as the number of aircra and stored fuel on the site grows. Montana is pursuing the airport hangar project aer airport officials reported demand from prospective buyers and cited his construction, steel-sourcing, and util- ity-connection experience as potential cost advantages. HOPKINTON Food-license policy e Hopkinton Select Board unan- imously approved a revised common victualler license policy and increased the related application fee from $50 to $100. e policy formalizes review standards and background-check documentation, as the Town prepares to launch an online permitting portal in September. Board members said they may seek further legal guidance on notifying the board of serious licensing concerns that arise between renewal cycles. NATICK Time for bagels e Bagel Bar of Burlington signed a new lease of 605 square feet of retail space at 333 Worcester St. from the Schulman Family Irrevocable Trust of Framingham. Adam Conviser and Jim Conviser of Conviser Property Group in Needham served as the leasing representatives for this trans- action. UPTON Apartment sale Blue Water 299 Upton LLC, a Northborough-based entity man- aged by David Cooley, purchased a property at 299 Graon St. featuring a 24-unit apartment building for $4.85 million from James Padula of Graon. WORCESTER Perkins Street apartments approved e Worcester Planning Board on Aug. 26 approved a proposal by Pre- mier Rental Properties of Worcester to demolish a three-unit building at 25-37 Perkins St. and replace it with a five-story, 23-unit apartment building. e project will include 25 garage parking spaces, aer being granted relief from the City's parking requirements through Worcester's inclusionary-zoning provisions. e development is expected to include five affordable units, landscaping, stormwater-management systems, and a pedestrian stairway connecting the site to Westminster Street. e board's approval included a condition requiring engineered plans for the site's retaining walls before a building permit is issued. Premier is owned by Worcester developer Michael Ermani. Warehouse to housing e Worcester Planning Board on Aug. 26 approved a special permit for conversion of a 19th-century warehouse at 1 Jackson St. into 32 apartments with no on-site vehicle parking. Landlord Michael O'Ro- urke plans nine studios, 14 one-bed- room units, and nine two-bedroom units. e approval included inclu- sionary-zoning-related parking relief, an updated transportation plan, and six exterior bicycle spaces, supple- menting 26 indoor bike-storage spaces. REAL ESTATE INSIDER | B R I E F S BY ERIC CASEY WBJ Managing Editor L ongtime Worcester aerospace manufacturer David Clark Co. has a new home. e buildout of the company's new 145,000-square- foot headquarters at 125 Northeast Cutoff has been completed, R.P. Masiello, Inc. announced Aug. 24. e Boylston-based firm served as construction manager for the project. e renovation of the building involved bringing it back down to its concrete structure, with new manufacturing, assembly, and testing suites and engineering labs being built inside, according to Masiello. David Clark Co. has begun a phased move-in to the building, according to its website. "is was a special project from the start," David Masiello, president of Masiello, said in the announcement. "It had challenging structural and mechanical aspects which we worked through. Plus, knowing that it was all for the future of an historic company that's literally been to the moon and back was pretty awesome." New utility and environmental control systems support the 300 specialized machines used by David Clark Co. in production and testing of its products. e company has produced space suits for every NASA program, including the Artemis II mission in April, which was the first crewed fly-by of the moon since 1972. Features at the building include an acoustic testing space that recreates the noise of a fighter jet taking off from the deck of an aircra carrier, used to test the company's line of headsets. An advanced HVAC system in the building required additional structural work on the building's roof and will allow David Clark Co. to meet specific filtration specifications required for its manufacturing processes. David Clark Co. purchased the site for $19 million in 2024, saying at the time the project was expected to reach upwards of $48 million. e new site replaces the firm's existing headquarters at 360 Franklin St. David Clark Co. still owns that site and has not announced its plans for the complex, which it has occupied since 1963. Semiconductor manufacturer Allegro Microsystems had used 125 Northeast Cutoff of its headquarters until 2018, when it moved to Marlborough. David Berryman of Newbury Design Associates in Foxborough served as the architect for the new headquarters, with Mark David of Graon-based M. David Co. LLC serving as project manager. David Clark Co. moves into new Worcester headquarters W David Clark's new headquarters pays homage to its history. W PHOTO | COURTESY OF DAVID CLARK CO.

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