Glickman Kovago & Co. leases 2,450 s/f to CareWell Urgent Care
Glickman Kovago & Company completed leasing of 500 Lincoln St. shopping center, anchored by Kohl's. Starting in 2011, following demolition of Holiday Inn and Conference Center, ALDI, the German-based discount grocer was first to build a new 16,000 s/f concept on-site. Kohl's opened their new 68,000 s/f layout in December, 2012.
AT&T occupies 3,540 s/f of the new 6,000 s/f commercial retail box on Kohl's pad, opening the new interactive store lay-out in 2014.
CareWell Urgent Care plans to open a new center in remaining 2,450 s/f, offering accessible medical care with no referrals or appointments. The new facility is slated to open in mid-2015. The four tenant shopping center, shadow anchored to Lincoln Plaza, soon may be put on the market for sale.
Michael Jacobs principal of Glickman Kovago & Co. represented the landlord in all 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.