News: Retail

Glickman Kovago & Co. brokers three retail leases totaling 8,450 s/f

Glickman Kovago & Co. has brokered three retail lease agreements at 560 Lincoln St. The smallest of the spaces, 1,200 s/f, was leased by Pleasant Smoke Shop. Pleasant Smoke Shop is opening its second location here in Worcester offering a large selection of roll / make your own, premium and domestic cigars, pipe tobacco, and all tobacco needs. Pleasant Smoke Shop currently has a location in Malden. David Cohen represented both parties in the transaction. BMG Operations leased the 2,950 s/f retail storefront. BMG Operations is expanding its sweepstakes business from North Carolina to the New England area opening stores in Worcester and Springfield. The latest store, Worcester Cyber Café, is slated to open December 1. Mark Johns of Glickman Kovago & Co. represented the lessee and David Cohen represented the owner, Saddlebred LP in this transaction. The largest end cap space in the plaza, 4,300 s/f, was leased by All About Home Furnishings, Inc. which is opening its second store in Worcester. The first location is on Park Ave. David Cohen represented both parties in the transaction. 560 Lincoln St. is 22,240 s/f and is now fully leased. Other tenants include a liquor store, AutoZone, U.S. Post Office, tanning salon and a convenience store.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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