First industrial park lot sold in Southbridge



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September 18, 2012
SOUTHBRIDGE — After being on the market for months, the first parcel has been snapped up in what the town has designated to become the Southbridge Technology and Environment Park on Commercial Drive.

According to Town Manager Chris Clark, Oxford-based Mid-State Welding bought three of the nine available lots, approximately four acres in total, for $107,000. But because the state did the feasibility study there, the town is paying for that out of the proceeds, meaning Southbridge is netting $26,000 less. Income from future sales, however, will go entirely to the town.

"His bid was just above the minimum," Clark said, noting the town arranged it so a bidder could buy the whole area for $240,000 or any subsection of it. In this case, Mid-State bought about a third.

For more on this story, please see tomorrow's Southbridge Evening News.

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