
WESTBOROUGH – The former site of a Friendly’s restaurant, and more recently a Berkshire Bank, will soon become another bank.
According to permits pulled with Westborough departments, the site at 303 Turnpike Road is being fitted out to become a branch of Chase Bank.
Berkshire Bank closed this location, and another on Maple Street in Marlborough, in 2023. It recently sold both properties to 303 Turnpike Road LLC, an entity managed by Lundgren Equity Partners based in Auburn.
According to the Worcester Business Journal, which first reported the transaction, the deal was finalized on June 26.
The property containing the former branch at 303 Turnpike Road sold for $3.9 million. An adjacent property, 0 Otis St. in Northborough, containing 1.69 acres of undeveloped wetlands and woods, was included in the transaction.
The 4.14-acre property was given a tax assessment value of $2.7 million in 2024.
Berkshire’s former Marlborough branch was sold for $1.25 million. The 0.85-acre property was given a tax assessment value of $1.02 million in 2024.
Plans have yet to be announced for this site.