ServiceNet buys Holyoke building for administration, day program
- BY JIM KINNEY
- THE REPUBLICAN
- JUNE 14TH, 2021
HOLYOKE — ServiceNet has bought an office building at 1236 Main St. where it had been renting space for several years.
The 24,720-square-foot office building on the Route 5 portion of Main Street is home to the administrative offices for ServiceNet’s Developmental & Brain Injury Services division, said spokeswoman Amy Timmins.
The building is located on three acres of property.
The agency’s PREP Program – a day program for young people who have experienced psychosis — is also in the building, Timmins said. There are other tenants as well who will remain.
ServiceNet includes more than 100 different programs and services.
Developmental & Brain Injury Services is ServiceNet’s largest division, providing residential care, outreach, and day programs throughout Hampden, Hampshire, Franklin, and Berkshire Counties. Most of its 55 residences are located in Hampden County — as is the program’s Enrichment Center and Strive Clinic for individuals with brain injury, Timmins said.
Blue Summit Realty of Chicopee sold the building to ServiceNet Inc., for $1.5 million last month, according to documents filed with the Hampden County Registry of Deeds.
Timmins said that with favorable mortgage rate from its bank, it is cheaper for ServicNet to own the building rather than to rent. As a not-for-profit organization, ServiceNet does not pay property taxes.
By saving on occupancy expenses ServiceNet is able to put more of our into providing programs and services, Timmins said.