Berte and Severance of Carlson GMAC lease 6,300 s/f for Gutierrez
Marlborough Wine and Spirit Company, a full service liquor store, has leased 6,300 s/f of newly developed retail space located 44 Boston Post Rd, just west of Rte. 495, having moved from its former location on the east side of the city. Rich Berte and Jonathan Severance of Carlson GMAC Commercial Real Estate were the sole brokers for the transaction.
Steve Zigler, proprietor of Marlborough Wine and Spirit, worked with Berte and Severance for over two years to find a suitable location. Zigler recently hosted a grand opening and ribbon cutting celebration that included the mayor Nancy Stevens of the city.
The property is owned and managed by The Gutierrez Companies of Woburn. Project manager Daniel Clarey oversaw the development of the complex and is handling the management. This site is also the home of a new "99" restaurant.
Medford, MA Wyzer Biosciences will relocate next month from 85 Bolton St. in Cambridge to Cummings Properties’ Boston Ave. innovation campus. The firm’s new headquarters encompasses 5,800 s/f of administrative and laboratory space. Founded in Cambridge in 2011, Wyzer provides customized, end-to-end DNA sequencing and preparation services for the biopharma, biotech, and academic research sectors.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.