News: Retail
Posted: April 21, 2010
Cutone and O'Neil of HFF secure $13.1m financing for Centro Properties
The Boston office of Holliday Fenoglio Fowler, LP (HFF) has secured a $13.1 million refinancing for Perkins Farm Marketplace, a 203,000 s/f grocery-anchored retail center.
Working on behalf of the borrower, an affiliate of Centro Properties Group, HFF director Anthony Cutone and senior real estate analyst Lauren O'Neil placed the fixed-rate loan with UniBank. UniBank was the lead lender and worked with participants, Webster Five and Marlborough Savings, to provide the $13.1 million loan.
"UniBank is dedicated to the Worcester business community and is pleased to be a part of offering financing to Perkins Farm Marketplace. This is certainly an investment in local commerce as well as the Worcester community," said UniBank vice president Steve Anderson.
Perkins Farm Marketplace was redeveloped in 1998 and is 100% leased to tenants including Super Stop & Shop, A.J. Wright, Building 19, Flagship Bank, Burger King and Bank of America.
Situated on nearly 20 acres, the property is located at 867-965 Grafton St. along the Rte. 122 retail corridor, three miles from downtown.
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