Christopher Kennedy, account executive for Largo Real Estate Advisors, Inc., arranged construction and permanent financing of $1.875 million to renovate an existing 30,200 s/f office building located along North St.
The office building will include a renovation to the 11,404 s/f space currently occupied by Grapitex, to accommodate the Veterans Administration that will take occupancy this month. Additionally, the Bennington Brew Pub will take the space that was previously occupied by CB Sports, and CB Sports will be moved to an alternate space within the center.
The borrower has constructed an adjacent building that will be home to the Green Grocer. The Green Grocer specializes in organic foods, vitamins and other health conscious food products.
Kennedy secured a 10-year fixed rate loan and 20-year amortization schedule for the borrower.