Holliday Fenoglio Fowler arranges $6m refinancing for Mill River
According to the Westport office of Holliday Fenoglio Fowler, LP (HFF), it arranged a $6 million refinancing for the Mill River office building.
HFF managing director Al Epstein and director Christine Riniti worked exclusively on behalf of the property owner, 2507 Associates, LLC which has owned the property for a decade. The 10-year, fixed-rate financing was arranged through LaSalle National Bank in Chicago.
Mill River is located at 2507 Post Rd. (US Rte. 1) a half mile west of Fairfield's central business district and the Country Club of Fairfield, close to two entrances to I-95 and close to numerous waterfront residences. The 25,900 s/f property is fully leased to five tenants including the law firm of Brody Wilkinson & Ober which is the largest tenant and has occupied this space for 20 years.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary