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.
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.