Glickman and Cohen of Glickman Kovago & Company broker $2.5 million sale
Hecht Shrewbury LLC has purchased 910 Boston Tpke. from D&S Realty for $2.5 million. The building is a 37,600 s/f multi-tenanted industrial investment property located on Rte. 9. James Glickman and David Cohen of Glickman Kovago & Company represented the seller and procurred the buyer.
Multiple offers were received from several interested parties.
Ken Hecht of Hecht Development said, "We are very pleased to have purchased this asset with tremendous retail potential. With the addition of Wegman's in the 600,000 s/f Northborough Crossing, the New Price Chopper down the street and new BMW, Audi and Mercedes dealerships a few doors away, we feel that this stretch of Rte. 9 offers great upside and real opportunity for retail and retail oriented tenants who want to be in this section of Rte. 9 but who have until now been priced out of the market."
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary