News: Retail
Posted: April 23, 2008
Phillips of Largo arranged $4.975 million financing for Home Depot
Jack Phillips, account executive for Largo Real Estate Advisors, Inc., arranged first mortgage financing in the amount of $4.975 million for a Home Depot.
The newly constructed Home Depot will consist of 160,000 s/f of space and sits on 26.6 acres of land. The property is situated along Stillwater Ave., a major thoroughfare in the area.
Many major retail developments, including the Bangor Mall, are located in close proximity to the Home Depot.
Phillips secured a 10-year fixed rate loan and 30-year amortization schedule for the borrower.
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