225 Park Ave · West Springfield, MA 01089 · Banking / Financial
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Four separate parcels included (217, 225, 229, and 241 Park Ave.)
Corner lot at signalized intersection
Near city hall and municipal buildings
Close to The Eastern States Expo, the largest agricultural event on the eastern seaboard and the 5th largest fair in the US
Close to downtown Springfield and area highways
Ample parking
Sale/leaseback to national bank
Existing fourth floor tenant (local chapter of national trade organization)
Elevator in tower
Presenting a unique investment opportunity in downtown West Springfield. The Park Tower site is a prime commercial real estate package available for sale, with a leaseback of a portion of the site to KeyBank. This offering includes two distinct buildings, a prominent 5-story office tower, and a single-story office building, spread across four parcels.
Park Tower (225 Park Ave.) features multiple floors of luxurious office space, along with a two-lane drive-through/ATM. KeyBank will lease back their existing first floor branch, which was recently renovated, as well as a small portion of the 3rd floor. The local chapter of a national trade organization recently signed a lease for the fourth floor.
Adjacent to the tower is a vacant, single-story office or possible retail building (229 Park Ave.). This building provides flexibility to accommodate a range of business operations.
Strategically located on a corner lot, this package benefits from a high-traffic area, ensuring visibility and accessibility for both clients and employees. The site is minutes from downtown Springfield, the Riverdale St./Rt. 5 retail corridor, the popular Eastern States Exposition fairgrounds/Big E, and all area highways including the MA Pike.
With an attractive leaseback to a national tenant, a large existing tenant, and the inclusion of four separate parcels, this diversified opportunity provides a stable source of income for the new owner while allowing for ongoing leasing of vacant spaces or redevelopment.
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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.