Mike Jacobs completes two Land development deals in Charlton, MA...
Michael C. Jacobs, principal of Glickman Kovago and Company, recently completed two land development deals in Charlton, MA. Harrington Hospital, in a joint venture with CT Compass Development, acquired 3.1 acres on North Main street for a new 21,000 sf MRI Medical Center. Land was acquired for $950,000 and building is currently under construction. Seller – Triple T Realty - owns an adjacent 17 acres along Rt. 20 envisioned for future commercial development.
Southbridge Savings Bank acquired the 9.46 acre corner at Rt. 20 and Center Depot Road to build a new bank branch. The site was a former multi-tenant apartment building and barn owned by Center Depot Road Realty, LLC. The sale also included a cell tower master lease, which was part of the $850,000 price. Jacobs represented the Sellers on both transactions.
Posted by etaulton at December 30, 2009 10:56 AM