Worcester Business Journal

www.wbjournal.com November 9, 2015 • Worcester Business Journal 5 Worcester. The Leapfrog Group's report, released Wednesday, says its Hospital Safety Score grades hospitals on how safe they keep their patients from errors, injuries, accidents and infections. TJX completes $58.5M acquisition The Framingham-based TJX Cos. has completed its acquisition of Australian retailer Trade Secret for approximately $58.5 million, TJX announced. TJX has cleared regulatory hurdles and completed the purchase of the com- pany with 35 stores in Australia, from Gazal Corp. Ltd. for $80 million Australian dollars. The acquisition of Trade Secret gives TJX an entry into the Australian market, where TJX currently operates one of its 13 buying offices. Bidding drives Hudson building price to $4 million The 81,000-square-foot industrial building at 428 Main St., Hudson, has sold for $4 million, according to Greater Boston Commercial Properties, which represented the seller. The buyer was Hs Storage LLC of Burlington. The purchase price, above the asking price of $3.95 million for the flex building, was the result of multiple offers being made for the flex building, the broker said. The buyer has several interested ten- ant prospects and is also considering re- positioning the asset to a different prod- uct type, according to the release. Currently, the building is occupied by one tenant with the rest empty, said Bret O'Brien, president of Greater Boston Commercial Properties. MassDEP fines Wells Fargo $38K for Fitchburg spill A home heating oil spill has proved costly for Wells Fargo Bank. The state Department of Environmental Protection (MassDEP) fined Wells Fargo $38,190 for alleged violations of waste site cleanup regulations at its property at 27-29 Henry St. in Fitchburg. Officials found that the bank did not address the basement spill of heating oil at the residence quickly enough despite repeated contact attempts by Massachusetts officials and did not sub- mit necessary documents to the state. Worcester traffic overhaul to receive $3M The city of Worcester received a $3-million MassWorks infrastructure grant award that will help the flow of traffic from Route 146 into downtown. The announcement was made by Jay Ash, state secretary of housing and eco- nomic development. Ash was in the city for the announcement of a $36- million renovation of 100 and 120 Front St. A portion of the grant, $1 million, will go toward the Front Street downtown renovation, while the remaining $2 mil- A t t o r n e y s & B u s i n e s s A d v i s o r s W W W. D A R R O W E V E R E T T. C O M deal·mak·ers ˈdēlˌmākər/ noun 1. (See DarrowEverett L L P) R H O D E I S L A N D | M A S S A C H U S E T T S | N E W Y O R K >> Continued from previous page REGIONAL BRIEFS REAL DEALS Real Deals highlights recent commercial property transactions in Central Massachusetts. Commercial real estate firms that want to submit information on transactions can send it to editorial@wbjournal.com, or fax it to 508-755-8860. Source: Greater Boston Commercial Properties and Hudson property records ADDRESS: 1428 Main St., Hudson AREA: 81,000 sq. ft. SALE PRICE: $4 million SELLER: First American Realty, Inc. BUYER: Hs Storage LLC — Compiled by Sam Bonacci, Worcester Business Journal Staff Writer This industrial building went for more than asking after multiple offers were made on the property built in 1977. The fully air- conditioned building is located on five acres near the intersection with Route 62, just east of the center of town. lion will be put towards the reconstruc- tion of Quinsigamond Avenue leading from the Route 146 interchange to downtown Worcester. Community solar project completed at Jiminy Peak A 12-acre site near the base of Jiminy Peak Mountain Resort in Hancock now sports 7,500 solar panels, the largest such array in the region. The installation will lead to energy cost savings for the resort and for more than 100 residential National Grid cus- tomers in Western and Central Massachusetts, according to Edith Shi, spokeswoman for Boston solar installer Nexamp, which completed the project. This project in the Berkshires is the largest community solar project in the Northeast, according to Nexamp, which recently entered the state's community solar market. The Nexamp Peak Solar Project can generate 2.3 megawatts of solar electric- ity for the facility. Combined with Jiminy Peak's existing 1.5 megawatt wind turbine, 75 kW cogeneration unit and extensive conser- vation efforts, the new solar array will enable the resort to offset 90 percent of its energy needs from local renewable sources, Nexamp said.

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