News: Retail
Posted: November 25, 2016
Gorga and Miller of Fantini & Gorga arrange $2.7 million financing
John Gorga, Fantini & Gorga
Walgreens Pharmacy - Marlborough, MA
Chris Miller, Fantini & Gorga
Marlborough, MA Boston-based Fantini & Gorga has arranged $2.7 million in leasehold financing for a free-standing Walgreens Pharmacy. The property is leased on an initial long-term absolute net basis to Walgreens.
The Walgreens was developed in 2005 on a 1.65-acre parcel located at the intersection of Boston Post Rd. and Farm Rd. The property is surrounded by neighboring retail facilities, such as Home Depot and Target.
John Gorga, president, and Chris Miller, senior analyst, represented their long-term client and arranged the financing with a regional financial institution.
“We were pleased to assist our client with its refinance of this well located property,” said Gorga.
Tags:
Retail
MORE FROM Retail
Retail
The Landing at Hyannis expands with additional retailers
Hyannis, MA The Landing at Hyannis continues its transformation with three new businesses joining its roster of retail and dining options. These brands, making their debut on Cape Cod, include fashion retailer Nordstrom Rack, physician-owned medical spa SkinMD, and eyewear retailer Warby Parker.
Columns and Thought Leadership
Keeping the “there” there - by Carol Todreas
New zoning is a big topic for many communities. Whether it is to comply with the 2021 MBTA legislation calling for more multi-family housing in locales with access to T stations or to address other pressures from public-private entities, zoning for multi-family housing is believed to be a major part of the solution to the housing crisis.
Placemaking and retail in 2024 - by Carol Todreas
Placemaking. That is the word for 2024. While the concept has historical precedence in urban development, it became part of our current culture in the 1960’s when urbanists started to think about cities for people, not just cars.
Reimagining retail for the downtown - by Carol Todreas
Before COVID-19, downtown retail had been sliding downwards. A few restaurants and stores were hanging on, but the trajectory was headed south. Now with post- COVID-19 lifestyle changes, old-style retail anywhere has lost its market appeal.
Village centers and local retail: What the market wants - by Carol Todreas
Good news! Brick and mortar is alive and well. Many malls are coming back. Americans are flocking to Europe to walk, shop, eat, and enjoy much needed vacations. Visitors return and talk about the pleasures of walking and shopping in local shops in cities and towns all over Europe.