Cohen of Glickman Kovago handles lease of 8,900 s/f at Stafford Station
The Stafford Station Shopping Plaza is home to two new tenants. Aaron Rents, the nation's leader in the rental, sales and lease ownership, and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories a has leased 7,200 s/f for a new retail store.
Lincoln Dental has leased 1,700 s/f of space to open a dental office in addition to their current location on Lincoln St.
The property owned by 120 Stafford St. Limited Partnership is located at 120 Stafford St. in Webster Sq., and is home to other such retailers as Annie's Bookstop, The Vision Center, The Flower Stop, Tropic Sun Tanning Salon, and ETS Staffing.
A remaining 8,000 s/f of dividable space is currently available for lease. David Cohen of Glickman Kovago & Co. handled the transactions.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.