Micozzi Management Inc. acquires 311 Newbury St. for $7.18 million
Micozzi Management Inc. acquired 311 Newbury St from Compass Realty Associates LLC for $7.18 million as an investment.
The single-story, class A retail building was redeveloped in September 2007 into a 12,900 s/f build-to-suit to accommodate CVS Pharmacy. CVS is locked into its triple-net lease agreement through January 31st, 2033.
The buyer and seller were self-represented.
In this column, I want to discuss a basic principle of building relationships, then share a few lessons I’ve learned along the way. I call it Social Energy. The concept is simple: surround yourself with successful people, develop relationships, and participate in activities that put you in the same circles as the people you want to do business with.
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.