HFF Secures $10M Refinancing for Shaw’s Plaza in Tilton, NH

WESTPORT, CT – The Westport office of HFF (Holliday Fenoglio Fowler, L.P.) has announced that it secured a $10 million first mortgage for an 89,888-square-foot shopping center (photo above) anchored by Shaw’s and Staples in Tilton, New Hampshire.

Working on behalf of Exchange Holdings, LLC, HFF managing director Al Epstein and director Christine Riniti placed the 10-year, fixed-rate loan with TD Banknorth.

The refinancing replaced an existing CMBS loan that was coming due. Exchange Holdings, LLC is affiliated with Hoffman Investment Partners, a family real estate investment business with properties in Portland, Oregon, Connecticut and New Hampshire.

Situated on a 10-acre site in the Lakes Region of New Hampshire, (Squam Lake photo at left), the property is 200 yards from the entrance of Interstate 93 on Laconia Road, the main retail thoroughfare for the region.

Within a one mile radius of the property is more than 800,000 square feet of retail space including the Tanger Outlet Center, Home Depot, BJ’s, Kohl’s, Wal-Mart, Market Basket and other prominent retail chains.

Completed in 1998, the property is fully leased to tenants including Shaw’s, Staples and Applebee’s.

“Shaw’s is one of the dominant food grocers in New Hampshire,” said Epstein. “The 55,000-square-foot, Tilton store is one of three Shaw’s located in the Lakes Region. The others are in Belmont and Gilford.”

CONTACTS:

Alvin J. Epstein, HFF Managing Director, 203 226 8171, aepstein@hfflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com