Glickman, Kovago & Co. broker $1.575 million sale and 7,500 s/f lease
Worcester, MA Glickman, Kovago & Company has brokered a lease agreement between L-J Imperial realty and 7 Nana Steakhouse. 7 Nana Steakhouse will occupy 7,500 s/f of the 15,000 s/f available in the former Coldwell Banker site on Shrewsbury St. 7 Nana Steakhouse is expanding into the area and will be a Japanese steakhouse with a sushi bar, hibachi tables and full liquor service. The newest addition to "Restaurant Row" will offer plenty of off street parking for their patrons.
Mark Johns, vice president of Glickman Kovago & Co., represented the lessee, 7 Nana Steakhouse and David Cohen, Carl Burwick and David Burwick represented the lessor, L-J Imperial Realty in the transaction.
Glickman, Kovago & Co. has also brokered the sale of the former Buick Dealership located at 72 Shrewsbury St. Shrewsbury Street Association, LLP sold the property to J & M Batista Family, LP. The 28,000 s/f building sits on 1.58 acres of land sold for $1.575 million.
Cohen represented the buyer, J & M Batista Family, LP and Cohen, Carl Burwick and David Burwick represented the seller, Shrewsbury Street Association, LLP.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
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.
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As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in