News: Retail
Posted: June 26, 2008
Clough of Fantini & Gorga arrange $3.4 million loan for Sears Plaza
Fantini & Gorga arranged a $3.4 million permanent loan for Sears Plaza, a 36,000 s/f, multi-tenanted shopping center, anchored by Sears Appliance & Hardware. The plaza is located at the intersection of Pond St. (Rte. 126) and Eliot St. in a commercialized area of the town.
"The property benefits from good historical occupancy and is a long-term hold for our client," said Wayne Clough, managing director of Fantini and Gorga, who arranged the financing and was assisted in the transaction by Mark Whelan, director.
Saxon Partners, a multi-faceted real estate company with a focus on retail and residential real estate, manages the center and handled the transaction for the center's owner, Ashland Pond, LP.
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