Scafati of Press/Cuozzo leases 3,200 s/f to Heritage Floor Covering
According to Stephen Press, SIOR, principal of Press/Cuozzo Commercial Services, Albert Scafati, senior commercial advisor, has leased 3,200 s/f of retail space at 892 North Colony Rd. to Heritage Floor Covering Co. For over 25 years Heritage Floor Covering has been serving its customers with products and services, including carpets, ceramic tile, commercial services, hardwoods, linoleum floors and window coverings. The company's new space offers a showroom for customers to visit. The tenant takes occupancy in July and plans to open for business mid to late August.
Scafati of Press/Cuozzo Commercial Services was the sole broker in the lease transaction, representing the landlord, TFJA, LLC, and the tenant.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.
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.