News: Retail
Posted: June 22, 2018
Groblewski and Garcia of Fantini & Gorga arrange $1.7 million in financing
Fall River, MA Fantini & Gorga has arranged $1.7 million for the refinancing of an Advance Auto. The property is located at the corner of Tucker St. and Rhode Island Ave.
The Fantini & Gorga team was led by Casimir Groblewski, senior managing director, who together with Jon Garcia, analyst, arranged the financing through a Massachusetts-based credit union. “We were pleased to be able to deliver competitive, 5-year renewable fixed rate financing with a 30-year amortization schedule for our client,” said Groblewski.
The subject property, which contains 9,800 s/f of rentable area situated on 1.02 acres along Rhode Island Ave., a major retail corridor, close to both local and regional highways. This store serves as the distribution point for all Advance Auto tenants throughout the Cape, southeastern Mass., and Rhode Island.
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.