Jacobs of Glickman Kovago & Company signs Kohl's to 68,000 s/f
Mike Jacobs, principal of Glickman Kovago & Company, signed Kohl's Department Store to a long term lease to build a 68,000 s/f store on 7.5 acres at 500 Lincoln St. The former Worcester Hotel & Conference Center is also the site of Aldi's Supermarket - lease also done by Jacobs in 2010. Kohl's construction will commence this spring. Store opening is slated for the 4th quarter 2012.
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.