News: Owners Developers & Managers

NAI Glickman Kovago & Jacobs broker two sales totaling $1.037 million

6 Johnson Street - Auburn, MA

Auburn, MA Johnson Pleasant Realty LLC has sold its 6,820 s/f retail/commercial property at 6 Johnson St., to BB Warehouse LLC for $875,000. The property will be used as a wholesale/retail car battery and radiator business. The buyer, specializing in wholesale and retail car batteries and radiators, will be relocating from a leased location to establish a permanent presence at this site. 

Jeff Borus, senior vice president at NAI Glickman Kovago & Jacobs, represented both parties in the transaction. Borus said, “This sale reflects the strength of Auburn’s commercial market and the continued demand for well-located, functional retail spaces. Both parties demonstrated exceptional cooperation throughout the process, and it’s rewarding to see a successful outcome for everyone involved.”

7 Oak Street - Worcester, MA

Also, the property located at 7 Oak St. in Worcester has been sold, with plans for use as student housing. The transaction was facilitated by Mike Barbera, representing the sellers, and James Keogh and Lexi Brissette of NAI Glickman Kovago and Jacobs, representing the buyer.

Located in the historic Elm Park neighborhood, this sale presents a unique opportunity in one of the city’s most desirable and well-established areas. The 10,000 s/f building, historically known as Hope Lodge, offers significant potential for student housing, positioned strategically near some of the city’s major universities. As the city continues to experience growing demand for student housing, the building is well-positioned to meet expansion needs. The sale closed on December 20, 2024, for $950,000.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant