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Brokerage
Posted: June 26, 2008
Clough of Fantini & Gorga arrange $3.4 million loan for Sears Plaza
Fantini & Gorga arranged a $3.4 million permanent loan for Sears Plaza, a 36,000 s/f, multi-tenanted shopping center, anchored by Sears Appliance & Hardware. The plaza is located at the intersection of Pond St. (Rte. 126) and Eliot St. in a commercialized area of the town.
"The property benefits from good historical occupancy and is a long-term hold for our client," said Wayne Clough, managing director of Fantini and Gorga, who arranged the financing and was assisted in the transaction by Mark Whelan, director.
Saxon Partners, a multi-faceted real estate company with a focus on retail and residential real estate, manages the center and handled the transaction for the center's owner, Ashland Pond, LP.
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Arlington, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of Jason Arms, a 12 unit multi-family property. Horvath & Tremblay exclusively represented the seller and sourced the buyer in the transaction. The asset sold for $3.3 million.
Columns and Thought Leadership
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
End of the year retail thoughts - by Carol Todreas
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
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