NAI Glickman Kovago & Jacobs brokers new ground lease for CVS
Michael C. Jacobs, principal at NAI Glickman Kovago and Jacobs, Worcester recently brokered a long term ground lease between CVS Pharmacy, Inc of Woonsocket, RI and MKCB Realty, LLC of Shrewsbury, MA. CVS will develop a 12,900sf store on the 2.2-acre corner at 730 Boston Turnpike - Rt. 9 and South Street. Site was formerly the Wagner Kia Dealership owned by the Wagner Auto Group. Kia has relocated to a new building on adjacent parcel.
Construction began in January and store is slated to open in Spring, 2018.