July 31, 2008

CVS to Build New Store on Park Ave/ May Street in Worcester

GLICKMAN KOVAGO & COMPANY BROKERS
CVS REAL ESTATE TRANSACTIONS IN WORCESTER

Glickman, Kovago & Company has brokered a recent real estate assemblage involving two parcels for CVS/Caremark Corporation of Woonsocket, Rhode Island.

CVS purchased the property located at 82 May Street in Worcester, Massachusetts from Mesala, Inc. formerly the home of Quality Muffler & Brake. Quality Muffler & Brake has relocated to Jacques Street in Worcester. CVS also leased the adjacent property located at 400 Park Avenue from Commercial Management Inc. of Worcester, formerly home to the Cactus Pete Restaurant. CVS is building a new 12,900 sf store on the combined parcels, including a pharmacy and drive-thru. The store is expected to open in early 2009.

CVS Caremark, based in Woonsocket, Rhode Island, is the nation’s premier integrated pharmacy services provider with over 6,200 locations throughout the country.

Michael C. Jacobs, principal of Glickman, Kovago & Company, handled these as well as past CVS transactions in the region.

Posted by Trish at July 31, 2008 2:52 PM