Sullivan of NorthMarq Capital negotiates $17 million refinance
John Sullivan, senior vice president of NorthMarq Capital's Boston based regional office secured the $17 million refinance of the Chelmsford Mall, a 223,977 s/f retail property located at 265 Chelmsford St. The transaction was structured with a 10-year term and 25-year amortization schedule. Major tenants of the property include: Kohl's, Michael's Stores, Gym World, PetSmart and Staples. Additional capital was provided for future improvements on the site.
"We appreciate the opportunity to continue our strong relationship with one of the premier owner operators in the market," said Sullivan.
Lowell, MA Greater Boston Commercial Properties, Inc. has completed the sale of 89 Appleton St. for $2.15 million. Tyler DeWolfe and Ben Gatti of Greater Boston Commercial Properties were the
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.
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.