Glickman News

79 North St. Southbridge SOLD...

Glickman, Kovago & Company brokered the sale of 79 North St. in Southbridge for $240,000. Savers Bank sold the 23,600sf office and industrial building to Fromm Development, Inc. The building is to be occupied by Precision Testing Laboratories, Inc., a licensed clinical laboratory.

Jeffrey Borus and David Cohen handled the transaction

Malo Auto Body SOLD...

Glickman Kovago & Company brokered the sale of 73 West Boylston Dr the former Malo Auto Body in Worcester for $370,000. The property is currently a 9,617sf auto body shop. Malo Auto Body sold the property to 290 Auto Body. 290 Auto Body of LaGrange St is relocating to West Boylston Dr.

David Cohen, Vice President at Glickman Kovago & Company, represented both buyer and seller in the transaction.

37 Town Forest Rd, Oxford Leased to J.B. Hunt Trucking Co....

Glickman Kovago & Company has brokered a lease agreement between James Perry and J.B. Hunt Transport Services, Inc. at 37 Town Forest Rd in Oxford.

J.B. Hunt Transport Services, Inc., one of the largest transportation logistics companies in North America and will be using the 11,500sf space as a Fleet Maintenance Facility.

Jim Glickman handled the transaction.

Mike Jacobs facilitates Lease agreement of new Panera Bread in Worcester...

Michael C. Jacobs, principal of Glickman Kovago and Company recently completed a lease for a new Panera Bread restaurant at 120 Gold Star Blvd, Worcester, MA.

The restaurant will be located in the former Dodge dealership building at the entrance to Home Depot and will have a 4,000 sf lay-out and 100 parking spaces. The restaurant is slated to open in the First Quarter of 2010.

The building has an additional 3,000 sf of adjacent space available for lease. Jacobs represented the property owner, Charles K. Ribakoff II. Harmon Lewis of National Commercial Brokers of Needham, MA represented the Lessee, PR Restaurants, LLC - franchisee of Panera Bread Company.

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.

Zoot's Dry Cleaner properties Sold...

Michael C. Jacobs, principal of Glickman Kovago and Company recently completed sales of two former Zoot's Dry Cleaner properties.

942 Grafton Street, Worcester, MA - 2,184 sf freestanding building opposite the Perkins Farm Marketplace, was acquired by Midyat Properties for $360,000. The property will be owner occupied for a clothing alteration business and will be sub-divided for a small tenant.

386 Washington Street, Stoughton, MA - 2,475 sf free standing building situated at signalized intersection on Rt. 138, was acquired by Papantoniadis Properties, LLC for $540,000 and will be used as a restaurant. Seller for both properties was LG Holdings, LLC. Jacobs represented the Seller on both transactions.

4 Town Forrest Road

Glickman Kovago & Company brokered the sale of 4 Town Forrest Road in Webster for $1.2 million. The property consists of 30,000 sf of warehouse & showroom space and sits on 10 acres of land just off from I-395. Moore’s Lumber sold the property to Hazard Marine.

James Glickman, Principal at Glickman Kovago & Company, represented the seller & procured the buyer in the transaction.

102 Randolph Road SOLD....

Glickman Kovago & Company brokered the sale of 102 Randolph Road the former Odd Fellows Home in Worcester for $825,000. The property consists of 68,000 sf of conference, office and library space on 4.58 acres minutes from I-190 and I-290. International Church of Four Square Gospel sold the property to Randolph Road Realty Trust. The buyer intends to re-develop the property into residential units.

David Cohen, Vice President at Glickman Kovago & Company, represented the seller and Kelleher & Sadowsky represented the buyer in the transaction.

319 Southbridge Street, Auburn Leased to SB Mortgage...

Glickman Kovago & Company has brokered a lease agreement between Hasting Bros. Realty Co. and SB Mortgage Group Inc. at 319 Southbridge Street in Auburn.

SB Mortgage Group was incorporated in January 2006 as an answer to the high rate, high cost, low service companies that seemed to dominate the mortgage marketplace. “Our manager’s 100 plus years of combined experience have helped grow SB Mortgage Group Inc. into one of the largest brokerages in the Northeast.” Visit www.sbmort.com for more information.

1,750sf of space remains available at 319 Southbridge Street.

Jeff Borus represented the lessor.

Technology Learning Center Relocates to Oxford...

Glickman, Kovago & Company brokered the sale of 11 Buffum Dam Road in Oxford for $600,000 on March 26, 2009. The 8,000sf office building sits on 10ac approximately two miles from I-395. American Polymers Inc. sold the property to Technology Learning Center of Worcester. Technology Learning Center, a leader in quality education in Steam Engineering Training, Boiler Training and Industrial Training for mechanical and electrical equipment, has relocated to the Oxford location.

James Glickman handled the transaction.

274 Franklin Street SOLD...

Glickman, Kovago & Company brokered the sale of 274 Franklin Street in Worcester for $175,000. Jerry Sigel sold the 12,490sf industrial building to Guani Romeo on February 15, 2008.

The buyer intends to re-develop the property into retail and office space.

James Glickman represented the seller.

GKC Brokers Lease at 107 Otis Street in Northborough...

Glickman, Kovago & Company has brokered a lease agreement between Adam Allison LLC of Northborough and Baesis Inc. for 1,600sf of office space at 107 Otis Street in Northborough.

Baesis is a business solution provider of both hardware and software that enables law firms to be more productive.

11,000sf of office space is still available at 107 Otis Street.

James Glickman represented the lessor in the transaction.

Schoelly Imaging Selects Worcester as Home for its Headquarters...

Worcester, Mass. (February 18, 2009) - City Manager Michael V. O’Brien announced today that Schoelly Imaging, Inc., a service and sales organization for medical and engineering applications, will relocate its headquarters to Worcester, Mass. The four-year-old company will lease approximately 13,000 square feet of space at 722 Plantation Street, a former blighted, tax title property that housed an electroplating company for several years. The company currently employs 28 people and intends to create additional jobs over the next two years.

According to David A. McNally, President of Schoelly Imaging, Inc., "Worcester is an ideal location for our company. As a center for manufacturing, it boasts a highly qualified workforce, attractive spaces and affordable costs. We scouted much of Central Massachusetts, and Worcester was clearly the right place for us. We appreciate the assistance from the City of Worcester and the Commonwealth to make this deal happen.

"Founded in 2005, Schoelly Imaging, Inc. was formed as a joint venture between Schoelly Fiberoptic GmbH of Denzlingen, Germany and David A. McNally of Holden, MA. The company is the North American partner for Schoelly Fiberoptic and provides technical sales and service for all Schoelly manufactured products, including existing products and new developments.

"In spite of the doom and gloom headlines about the current state of the economy, we have stayed focused on economic development and the expansion of our tax base," said Worcester City Manager Michael V. O’Brien. "Through aggressive marketing and collaboration, we have made great strides in creating conditions that foster opportunity for businesses, from site search assistance to expedited permitting to loan programs.

"722 Plantation Street was renovated by Poor Farm Brook Development, LLC in 2007 and currently houses IBS Commodities, Inc. IBS will continue to occupy space in the building and Schoelly Imaging will occupy the space once building improvements are completed in early Spring. Glickman Kovago & Company was the broker for this transaction.

The City of Worcester’s Economic Development Division and the Massachusetts Office of Business Development have provided site search assistance and technical support over the last two years to Schoelly Imaging. The Site Search Assistance Program, administered by the Economic Development Division, is designed to identify available land and building space in coordination with local real estate professionals and property owners. The program coordinates the development efforts of the Economic Development Division with the knowledge and resources of the commercial real estate community to meet the real estate needs of companies, small businesses and developers and helps them locate, stay and grow within the city.

4,000sf on 4.37ac of Industrial Land in Sutton Sold...

Glickman Kovago & Company brokered the sale of 85 Dudley Road in Sutton, MA between George and Brenda Marshall and CHASE/harris Corporation on February 3, 2009 for $353,000.

The property is a 1,800sf home and 2,200sf commercial space on 4.37 acres of industrial land.

CHASE/harris Corporation is relocating their septic system maintenance and inspection company from North Grafton, MA.

David Cohen, Vice President, handled the transaction.

Atlas Street Industrial Parcel Sold....

Glickman, Kovago & Company has brokered the sale of .43ac of Industrial land at 18 Atlas Street in Worcester, Massachusetts for $35,000. Abraham Sack Realty Trust sold the parcel to Joseph Germain of Paxton, Massachusetts.

David Cohen, a Vice President, handled the transaction.