Glickman Kovago & Co. brokers two transactions totaling 14,090 s/f
Glickman, Kovago & Company brokered the sale of 274 Franklin St. for $175,000. Jerry Sigel sold the 12,490 s/f industrial building to Guani Romeo. The buyer intends to redevelop the property into retail and office space. James Glickman, principal at Glickman Kovago & Company, represented the seller.
Glickman also brokered a lease agreement between Adam Allison LLC of Northborough and Baesis Inc. for 1,600 s/f of office space at 107 Otis St. in Northborough. Baesis is a busiess solution provider of both hardware and software that enables law firms to be more productive. 11,000 s/f of office space is still available at 107 Otis St. Glickman represented the lessor in this transaction.
In another transaction, David Brasington, vice president at Glickman Kovago & Company, brokered the sale of a 7-unit investment property at 28-30 Church St. in North Attleboro for $525,000. The well-maintained property sits on a .5 acre parcel and features seven units, a new roof, and off-street parking.
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 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