WORCESTER, MA-Harleysville Worcester Insurance Co. has renewed its 47,089-sf lease for five years at 120 Front St. here. The company is a wholly owned subsidiary of Harleysville Group, which underwrites property and casualty insurance.

“We examined very closely both the Worcester and Route 495 West office markets with our broker, CB Richard Ellis,” says Dennis Otmaskin, CCO of Harleysville. “After a thorough investigation, we decided that staying at our current location was the best alternative for our clients, employees and company.”

Built in 1970, 120 Front St. is a 174,000 sf nine-story class A office building located in the Downtown area. It was purchased by Berkeley Investments Inc. in partnership with Starwood Capital and is part of a complex that includes approximately 450,000 sf of office space at 100-120 Front St. and more than 565,000 sf of retail space at the Worcester Common Fashion Outlets. The site sits on 22 acres and has a 4,000-car parking garage. Berkeley also serves as asset manager.

The office space is currently 75% leased to a variety of tenants including Bank of America and Fallon Clinic. Berkeley was represented by Brian Mazzocchi, asset manager at Berkeley, and Phil DeSimone of Spaulding & Slye Colliers. Harleysville was represented by Jon Sarkisian of CB Richard Ellis. Financial terms of the lease were not released.

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