Kelley Square Portfolio
Retail | 47,000 SqFt
Marketing description
The Kelley Square Portfolio is a three-building, 47,000 SF mixed-use assemblage on one acre in Worcester's Canal District, comprising 1 Kelley Square, 121-129 Water Street, and 126 Water Street. The portfolio generates approximately $71,500 per month across more than 25 tenants, with a defined path to $86,000 per month through near-term lease-up of available space. Institutional-credit tenancy anchors the offering, and the gated parking operation contributes over $95,000 annually with undeveloped upside to over $150,000.
What distinguishes this offering beyond the real estate itself is its context. The Kelley Square Portfolio is available alongside additional Canal District properties — parking, residential, mixed-use, and commercial buildings, and parking lots with development potential — giving a buyer the ability to assemble an ownership position of unprecedented scale in a submarket that is actively transforming. Polar Park, sustained new construction, and accelerating institutional capital are driving the District.
For more information, or to view the full portfolio, visit kelleysquareportfolio.com
Investment highlights
- Rare Canal District assemblage at scale — Three buildings, 47,000 SF, four parcels, one acre at the center of Worcester's most active development corridor.
- Unprecedented neighborhood scale available — Acquirable alongside additional Canal District parking, commercial, and development assets — a once-in-a-generation opportunity to build a dominant position in an exploding submarket.
- Institutional credit tenancy — Institutional-credit guaranties anchor the rent roll.
- Revenue-generating parking operation — Over $95,000 annually with documented, never-implemented upside to $150,000+.
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