News: Front Section
Posted: February 16, 2018
Thibeault sells portion of John W. Higgins Armory LLC site for $1.5 million
Worcester, MA The John W. Higgins Armory LLC, located at 100 Barber St., has sold an unused part of its site for $1.5 million for what is expected to become a storage facility.
The unused site at 90 Barber Ave. is part of a 4.5 acre lot, but 2 acres is what was sold, said Brian Thibeault, who bought the armory museum building in 2014 after the museum closed. When Thibeault purchased the property it was the first time the property had been sold in 82 years.
The segment of the site that sold has long been vacant. The parking lot for the armory will remain.
The property was bought by Banner Worcester Storage LLC, with the sale closing on Dec. 11, according to the Registry of Deeds. Thibeault assisted the buyer in the sale.
The proceeds from the sale will go back into improving the armory building, Thibeault said. Tenants include the events planner Revelation Productions and the dance school Studio 100B. Currently the 55,000 s/f building is 80% leased. Much of the rest of the building is available for lease or to rent for special occasions.
Thibeault also owns historic buildings in Pawtucket, R.I., and Concord, N.H. “We’d love to do more in Worcester,” he said.
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