Growing Room Preschool 71 River Rd W

The subject property is the Growing Room Child Development Center located at 71 River Road West in Berlin, MA. The town of Berlin is located within Worcester County at the intersection of Interstates 290 and 495. This parcel is located in the Southern section of town with direct visibility from the I-290 Exit ramps. The 1.20 Acre parcel is comprised of a 12,766 Growing Room Child Development Center which currently has 11 centers in five states and continues to expand. The tenant originally signed a 10 year lease with increases and options and recently recast the lease for a fresh 10 year term with a 5 year option.
The site is adjacent to a new 204 unit luxury multi family development known as the Rockwell Apartments which shares two points of access off of River Road West. Across the street is a Nouria Gas and Convenience store with a Dunkin’ and an adjacent 80,000 SF Homewood Suites by Hilton. Other tenants in the immediate area include The Village Café, Berlin Liquors and the Autism Behavioral Center.
The property is located within ½ mile of Interstate 290 which connects to Interstate 495 (2.5 Miles) and a major retail node with over 1M square feet of retail space including the Solomon Pond Mall (900,000 SF Anchored by Apple, Macy’s, JC Penney, H&M), Target, Best Buy, DSW and the 125,000 SF Headquarters for Digital Federal Credit Union (DFCU). Also within ½ mile is over 800,000 square feet of Industrial and lab space leased to tenants such as Genzyme, STERIS, Anderson and Wolf Building Products. Further South of I-290 and within 1 mile is another 1.5M square feet of industrial, office and lab spaces.
Neighboring Marlborough, MA is home to over 40,000 residents and is a hub of high tech lab and office spaces from such companies as TJX, Raytheon, HP, AMD, Navilyst Medical, Netezza, Boston Scientific, Sunovian, AT&T, Apple, Evergreen Solar, Fidelity Investments, Quest Diagnostics, Lucent Technologies, CVE, Cavium, Hologic, NAPA Auto Parts and BJ’s Wholesale Club. Berlin is also only 15 minutes from downtown Worcester, MA which is currently experiencing a dramatic revitalization. Wide reaching economic development such as their new baseball stadium, expanded hospital facilities and thousands of new apartments serving the expanding employment base as well as the 6 colleges and universities which include Clark University, Worcester Polytechnic Institute (WPI), Assumpton University, College of Holy Cross, Worcester State University and Quinsigamond Community College.