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.
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.