Worcester, MA Michael Jacobs, principal, and Tim Whittredge, vice president at NAI Glickman Kovago & Jacobs, have negotiated the lease of 2,900 s/f of retail space (formerly leased by Verizon) at 17 E. Mountain St. The property’s landlord, Proko Realty, Inc., granted the seven-year lease to Munro Associates, LLC, a Massachusetts limited liability company doing business as “The Vault.” On a mission to be one of the Northeast’s finest cannabis establishments, The Vault’s E. Mountain St. shop is the third the company has opened in recent months. The flagship store is located in Webster. The dispensary offers a wide array of high-quality cannabis and non-cannabis products.
Jacobs and Whittredge represented both landlord and tenant.
Randolph, MA Sterling Trust has sold its Sterling Plaza neighborhood retail site located at 45 Mazzeo Dr. to The Shops at Randolph, LLC. The property is home to several restaurants, including the West End Grill, The Well, Outback Steakhouse and It’s Game Time Sportsbar.
Placemaking. That is the word for 2024. While the concept has historical precedence in urban development, it became part of our current culture in the 1960’s when urbanists started to think about cities for people, not just cars.