Peabody Properties Continues Portfolio Growth with Management of Two Chestnut Place in Worcester

BRAINTREE, WORCESTER, MA: Peabody Properties, an affiliate of the Peabody Companies (www.wearepeabody.com), a group of award-winning property management and real estate firms now celebrating its 50th anniversary, has again expanded its portfolio of managed properties with the addition of Two Chestnut Place in Worcester, Massachusetts.

Located at 2 Elm Street in downtown Worcester, Two Chestnut Place is a historic four-story building that has been converted into 22 affordable condominiums for moderate-income first-time homebuyers.

Originally the site of Worcester Federal Savings, the building later served as office space before being redeveloped for residential homeownership. Built in the late 19th/early 20th centuries, the property combines historic character with much-needed opportunities for homeownership in vibrant urban Worcester.

“We are pleased to welcome Two Chestnut Place to our portfolio as we continue to expand our condominium management services,” said Melissa Fish-Crane, principal and CEO of The Peabody Companies. “We are excited to bring our management expertise to a property that so successfully blends history, preservation, and opportunity for first-time home owners.”

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