Glickman Kovago and Company completed a lease between AT&T Mobility Corporate and RFP VI Hotel Worcester-O LLC. The 3,540 s/f retail space is located at 500 Lincoln St.
AT&T will occupy 3,540 s/f of the new 6,000 s/f commercial retail box on Kohl's pad. The new interactive store lay-out is designed to focus on customer's mobile lifestyle. Worcester is among the first to be awarded the new design and is further proof of AT&T's commitment and investment to the city.
Michael Jacobs, principal of Glickman Kovago and Company, handled the transaction.
Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
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.