Fantini & Gorga arranges $23.75m for a CVS portfolio
Fantini & Gorga has placed $23.75 million in first mortgage permanent financing for a retail portfolio consisting of 10 CVS Pharmacies located throughout the country. Keith Wentzel, managing director, arranged and placed the transaction with one of Fantini & Gorga's national life company loan correspondents.
The geographically diversified portfolio consists of 10 CVS Pharmacies constructed in the last few years in 10 different states. The property locations include a number of strong suburban locations in major metropolitan markets such as Atlanta, Chicago, Dallas, Detroit and Phoenix.
Little Compton, RI Mott & Chace Sotheby’s International Realty sold 17 Ferolbink Way, for $4.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace
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.