Page 51 - BusinessWest April 28, 2021

The Silverscape Designs building in downtown Northampton, now on
the market, will present opportunities and challenges to its next owner, said Pat Goggins, adding “it’s not for the feint of heart.”
DA Letterhead_Rev-2_Layout 1 5/14/14 8:34 AM Page 1
scape Designs building, a former bank; 147 Main St., formerly Cathy Cross; 162 Main St., formerly Artisan Gallery; and others.
In recent weeks, though, new tenants have been secured for many of these properties, he said, noting that Rebekah Brooks Jewelry has moved into the Cathy Cross space, 25 Central has taken the Artisan Gallery space, and Cotton Gal-
“The bulk of our portfolio is industrial, and that’s all pretty strong right now — inventory for that is very low, and prices are very high.”
lery has moved into 153 Main St., formerly Thelo. This movement reflects his earlier-stated senti- ments that the market has, in fact, bottomed out and is moving back up again, although there is still work to do.
“The vacancy rate is higher than what we would prefer, but we’re nipping away at it,” he said, adding that the emerging cannabis industry has played a factor in these efforts, and it could play a still-larger role moving forward, with near- ly a dozen ventures at some stage of the permit- ting process.
As for the Silverscape property, he said there has been some interest expressed in it, but it is a large space with some accompanying challenges
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APRIL 28, 2021 51
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