Fantini & Gorga arranges $12 million for Marshalls in Swampscott
Fantini & Gorga recently arranged a $12 million refinancing package for a free-standing Marshalls retail store. Casimir Groblewski, managing director, represented his client, Botsini-Paradise Road LLC, a MA-based commercial real estate investment group, and arranged the financing with a locally based financial institution. Marshalls, is owned by TJX Companies. Containing 53,872 s/f, this Marshalls is located on Rte. 1A.
According to Groblewski, the capital market was attracted to this opportunity because of the strength of the location and the tenant, as well as the experience of the sponsoring group. "The lender showed creativity and flexibility in structuring a loan that met our client's needs. We were pleased with the execution," he said.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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.
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.