Worcester Business Journal

www.wbjournal.com August 1, 2016 • Worcester Business Journal 5 REAL DEAL Real Deal 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. Source: Greater Boston Commercial Properties — Compiled by Sam Bonacci, Worcester Business Journal digital editor Hanscom Federal Credit Union will be expanding its headquarters into Littleton as the credit union with more than $1 billion in assets sets its sights westward. The credit union will occupy half of the building and open a new branch at the location along with preliminary plans to bring over the organization's call center, member relations and lending operations. ADDRESS: 25 Porter Road, Littleton AREA: 67,000 square feet SALE PRICE: $3.3 million SELLER: WS NV Porter Road LLC BUYER: Hanscom Federal Credit Union REGIONAL BRIEFS Knowledge + Experience + Trusted Advice. It all adds up. Large enough to serve the needs of most businesses and individuals; small enough to offer the personal attention you expect and deserve. Greenberg, Rosenblatt, Kull & Bitsoli, PC Certified Public Accountants 306 Main Street, Suite 400 • Worcester, MA 01608 508.791.0901 • www.grkb.com Framingham biotech co. close to data in first clinical study Arch Therapeutics is in the midst of its first clinical trial, an assessment of the safety and performance of its bleeding control device in humans, the firm said. The Framingham company has enrolled 46 patients in its study to test its AC5 Surgical Hemostatic Device, which can be used to control bleeding and loss of other fluids, to provide quicker and safer surgical and interventional care. The study is taking place in Ireland, and results should be available at some point this summer, after 30-day follow up assessments and subsequent statisti- cal analysis are completed. Worcester housing rises as Mass. hits new price record The price of a single family home has hit a new high not seen since August 2005 before the Great Recession with strong sales and price increases through- out Central Massachusetts. The median sale price for a single family home in the state hit $372,000 in June, marking the highest monthly median in Massachusetts' history, according to a report from The Warren Group. The previous high water mark of $370,000 was set in 2005. The median condominium sale price also hit a record at $345,000, a 4.5 percent increase from $330,000 in June 2015. Worcester County's prices remained generally stable but the number of sales shot up by 18.2 year-over-year. HealthAlliance Hospital opens skin cancer surgery clinic UMass Memorial HealthAlliance Hospital has opened a new surgery clinic that will allow for treatment of common forms of skin cancer in Leominster. The Mohs Micrographic Surgery Clinic has already begun treating patients. The clinic offers Mohs surgery, a specialized treatment for removal of skin cancer, according to a release from HealthAlliance Hospital. The treatment method both allows for a complete investigation of the possibly cancerous skin layers but also allows the surgeon to track and remove all of the roots and extensions of the skin cancer, according to the release, resulting in a cure rate of 96 to 99 percent. The surgery is performed in the hospital's outpatient clinic under local anesthesia. Worcester approves final marijuana dispensaries, 80 jobs to follow The city of Worcester has cleared the way for final two medical marijuana dis- pensaries to come into the city after issu- ing letters of non-opposition to Mission Massachusetts, Inc. and Medicinal Alternatives, Inc. Mission Massachusetts will locate a retail and cultivation facility at 640 Lincoln St. and will employ approxi- mately 50 people. Medicinal Alternatives will locate a retail and packaging facility at 1191 Millbury St. and employ approx- imately 30 people. The city previously issued letters of non-opposition to Good Chemistry of Massachusetts, Inc. to locate a dispen- sary at 9 Harrison St. in the Canal District and Prime Wellness Centers, Inc. to locate in the northern part of the city on Pullman Street. As a condition of receiving the letter, Mission Massachusetts and Medicinal Alternatives have signed community host agreements equivalent to those pre- viously signed by Good Chemistry and Prime Wellness. The deals are worth $450,000 for the city and 2.5 percent of gross sales on an ongoing basis. By 2019, the four entities operating in Worcester will supply approximately 140 jobs, a minimum of $800,000 in annual payments, and a minimum of $50,000 annually to neighborhoods. Sunovion to seek FDA approval for COPD treatment M a r l b o r o u g h's S u n o v i o n Pharmaceuticals will seek regulatory approval for a treatment of chronic obstructive pulmonary disease, after a human trial reported positive results. The company has announced positive results of the final human trial of a long- acting medicine combined with an investigational nebulizer system called eFlow, which delivers a dose of medicine in two to three minutes. The study found SUN-101/eFlow, which refers to the combination of the two products, was well-tolerated as a twice-daily treat- ment for difficulty breathing in people with moderate-to-very severe chronic obstructive pulmonary disease. n

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