SPRINGFIELD — A Norwood real estate company purchased the closed Friendly’s property near Forest Park at the end of September for $600,000 and the boarded-up restaurant is now advertised for lease.
The sale is detailed in papers filed Sept. 30 at the Hampden County Registry of Deeds and appears to be a part of a portfolio of old Friendly’s locations sold by the chain’s corporate parent. The location is at 65 Sumner Ave.
The Friendly’s – a 4,700-square-foot space – closed in 2018 as part of Friendly’s continued downsizing. It was built in 1979.
The new owner is Charles River Realty Group, according to records.
An employee answering the phone there Thursday said there are no immediate plans for the Springfield location and declined to answer further questions.
The transaction was part of a portfolio of former Friendly’s locations sold over the past few weeks.
Charles River Realty Group also bought the closed Friendly’s at 145 Housatonic Street in Lee, one day earlier on Sept. 29, and again for $600,000. This is according to records on file at the Central Berkshire County Registry of Deeds.
Records also show that companies that are a part of Charles River bought a former Friendly’s in Seekonk for $600,000 and one in Stoneham for $550,000.
Sun Capital Partners – a Florida-based private equity firm that owns Friendly’s restaurant business — spent $12.2 million in 2018 buying back a dozen Friendly’s restaurant locations across Massachusetts.
Friendly’s in 2007 sold its headquarters campus in Wilbraham and 160 of its restaurants to Realty Income Corp.
In Springfield, nothing has been filed with the city Planning Department detailing redevelopment of the site.
The property 1.2-acre property is also part of the Forest Park Local Historic District so any changes to the exterior of this building would need to be reviewed and approved by the Springfield Historical Commission.