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Real Estate Partnership Buys Travel Store Building

WILLIAMSTOWN, Mass. — The well-known Travel Store location at 616-620 Main St. was sold to K&J Holdings LLC, a real estate investment and property management partnership, on Dec. 3 for $350,000.

The seller was Claudine R. Auge, owner of the Travel Store. It was built in 1969 and is just over 2,000 square feet with rear parking.

"We're excited about the property," said Allen Jezouit of K&J in a press release. "It is a great location within easy walking distance to the Williams College campus and Spring Street."

The Travel Store will continue operations on the first floor and Berkshire Direct, a local marketing agency, will be relocating from its 173 Water St. location to Main Street in early January.

"We own the Water Street property where Berkshire Direct is located, so their move to Main Street is opening up a nice suite of offices there," said Jezouit, owner of the business. "That's my next priority – getting those offices rented out. Then, we look at more properties to purchase. It is a great time to buy real estate."

The Main Street building features two offices on the first floor and three residential apartments on the second floor. Jezouit said one of the apartments is currently available for rent by contacting K&J Holdings.
 
Maureen Baran and the team at Adams Community Bank provided financing. The buyers were represented by Alan Marden of Alton & Westall Agency and Stan Parese of Parese, Sabin, Smith and Gold LLP. The listing broker was Paul Harsch of Harsch Associates and Robert Ware was attorney for the seller.

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Bill Schmick separates the bull from the bears in his weekly columns on investing and market wrap-ups.



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