Jacobs, of Glickman Kovago completes sales of two former Zoot's
Michael Jacobs, principal of Glickman Kovago and Co. recently completed sales of two former Zoot's Dry Cleaner properties.
942 Grafton St., a 2,184 s/f freestanding building opposite the Perkins Farm Marketplace, was acquired by Midyat Properties for $360,000. The property will be owner occupied for a clothing alteration business and will be sub-divided for a small tenant.
386 Washington St. in Stoughton is a 2,475 s/f free standing building situated at signalized intersection on Rt. 138, was acquired by Papantoniadis Properties, LLC for $540,000 and will be used as a restaurant.
The seller of both properties was LG Holdings, LLC. Jacobs represented the seller on both transactions.
North Reading, MA Horvath & Tremblay has completed the sale of three retail properties in New England for a total of $11,288,032. Bob Horvath, Todd Tremblay, Jack Laurendeau and Ryan O’Rourke of Horvath & Tremblay have completed the sale of a Walgreens in North Reading.
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.