News: Owners Developers & Managers

NAI Glickman Kovago & Jacobs brokers $1.275m sale of former Bank of America building

Milford, MA NAI Glickman Kovago & Jacobs has facilitated the sale of 82 Prospect St. The former Bank of America building, which includes a two-lane drive-thru, is 2,400 s/f and located on 0.5 acre. Tim Whittredge, of NAI Glickman Kovago & Jacobs assisted both the seller, M.E.H Realty Trust and buyer, Central One Federal Credit Union, in the transaction. The property was purchased for $1.275 million. Central One plans to open a new branch in the location. Renovation is scheduled to begin within the next few months with plans to open the new branch in early 2023.

Central One is a not-for-profit institution with branches in Auburn, Northboro, Shrewsbury, Westboro and Worcester.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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

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
The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
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