City & Government, Springfield

Springfield leasing properties

SPRINGFIELD — During its last meeting before summer break, the Springfield Economic Development Agency (SEDA) board voted to allow the city manager to lease two of its properties and sell two others. Up for sale are 138 Main St. and 4095 Franklin Blvd, and up for lease are 236 Main St. and 240 Main St.

The properties up for sale have exceeded the 10-year timeframe in which the board was to use those spaces, which are currently vacant, according to economic development manager Allie Camp. 138 Main St. was purchased by SEDA in June 2013 for $669,000 to develop “Mill Plaza,” but that property was not adopted into the downtown urban renewal plan at that time due to oversight. 4095 Franklin Blvd. was acquired for $249,000 in 2012 and was originally a bar and restaurant. 

Both 236 Main St. and 240 Main St. were previously leased to Vino and Vango after being acquired by SEDA in July 2021 as part of a $790,000 bundle from Springfield Utility Board that included three other properties which SEDA no longer owns. Vino and Vango’s leases were terminated earlier this spring due to inability to pay rent.

The board will review offers when it returns to the dais in September.

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