Jacobs of Glickman, Kovago & Co. brokers sale for CVS/Caremark
Glickman, Kovago & Co. has brokered a recent real estate assemblage involving two parcels for CVS/Caremark Corp.
CVS purchased the property located at 82 May St. in Worcester, from Mesala, Inc. formerly the home of Quality Muffler & Brake. Quality Muffler & Brake has relocated to Jacques St. CVS also leased the adjacent property located at 400 Park Ave. from Commercial Management Inc. of Worcester, formerly home to the Cactus Pete Restaurant. CVS is building a new 12,900 s/f store on the combined parcels, including a pharmacy and drive-thru. The store is expected to open in early 2009.
Michael Jacobs, principal of Glickman, Kovago & Co., handled these transactions.
West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
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.