News: Brokerage

Jacobs of NAI Glickman Kovago & Jacobs finalizes three leases - 6,981 s/f

Michael Jacobs, NAI
Glickman Kovago & Jacobs

Worcester, MA Michael Jacobs, principal at NAI Glickman Kovago & Jacobs, facilitated the signing of three leases totaling 6,981 s/f for ground level retail space at 145 Front at City Square – a Roseland Residential Trust 340-unit luxury apartment home development in the city’s downtown.

Fidelity Cooperative Bank will open a 3,005 s/f full-service branch, Protein House, a chain of health-conscious restaurants will open a 2,185 s/f location, and Elizabeth Grady, a provider of skin care products and services will open a 1,791 s/f spa.

“We’ve carefully selected these retailers to add a new and unique dynamic to the mix of shops and restaurants opening for business in Worcester’s increasingly vibrant downtown,” said Ivan Baron, Roseland’s chief legal officer.

The signing of these leases mark another step in the continued renaissance of downtown Worcester. The $564 million multi-phased development, situated between City Hall and Union Station, is one of the largest public-private development projects in Massachusetts comprising more than 2.2 million s/f of commercial, medical, retail, entertainment, and residential space. Remaining for lease are two retail units of approximately 1,700 s/f each.

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