Glickman Kovago & Company brokers two sale transactions totaling $3.95 million
David Cohen of Glickman Kovago and Company sold the property at 71 Pullman St. for $1.35 million. 71 Pullman St. is a 10,000 s/f building set on an .87 acre. Occupying 5,000 s/f of space is current tenant NAPA Auto Parts. The remaining 5,000 s/f will become Worcester's second Anytime Fitness location.
David Cohen, vice president of Glickman Kovago & Co., represented the buyer, 71 Pullman St LLC, and the seller, Pullman St LLC.
In another transaction, an 8-year-old Citgo gas station/convenience store with Dunkin' Donuts located at 28 Worcester Rd. has been sold to Worcester-based station owner, HTK2, LLC, for $2.6 million. The buyer owns several high profile stations throughout the region.
The seller owns Ted's Package Store and is in the process of re-developing the entire town block. Construction began recently and will culminate with a new 13,000 s/f liquor/convenience store with brand name fruit and produce tenant and retail pad site. The existing store will remain open through construction. Grand opening is slated for November 2012
Mike Jacobs, principal of Glickman Kovago & Co., represented all parties in the transaction.
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.
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.
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.