The Source stated the transaction was from 84 Worcester Road LLC to to 84 WR LLC. 84 Worcester Road LLC was a LLC out of Florida consisting of John Garofalo and two other managing partners and over to John Garafalo and two new managing partners. 84 WR LLC is a Concord MA based corporation.
Two of the managing partners of 84 WR LLC, John Garofalo and Thomas Sibley are also managing partners of Arris Worcester Group LLC as well as Arris Partners LLC.
Arris Partners has holdings in Leominster, Holbrook, Franklin, Danvers, Marlborough, Chicopee, Norwood, Wellesley, Exeter NH, and Brunswick GA.
The company appears to buy distressed property, aiming to attract tenants over a period of 5-10 years and sell the property for a profit.
