Westborough Shopping Center Approaching Foreclosure Auction

WESTBOROUGH, MA — A Westborough shopping center is heading to foreclosure auction next month.

First Tech Federal Credit Union foreclosed on Westborough Shopping Center at 18 Lyman St. An auction is scheduled to take place in the parking lot outside of Staples on Dec. 8 at 11 a.m., the auctioneer Paul E. Saperstein Co. announced.

The Route 9 shopping center is home to a number of shops and restaurants, including Stop & Shop, Staples, Tatnuck Bookseller, Julio's Liquors and Chill Kitchen & Bar.

The plaza sits on 33.5 acres of land and includes a multi-tenant shopping plaza, stand-alone buildings and a commercial office building, according to the auction listing. It also includes around 1,200 parking spaces.

The auctioneer listed the property with two town assessments totaling about $28.71 million, according to the Worcester Business Journal. To bid on the shopping center, a deposit of $100,000 is required, with additional deposits within ten days of the sale.

Stop & Shop is expected to operate as usual despite changes in ownership, the newspaper reported.

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