FLORHAM PARK, NJ – The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged a $10 million refinancing for Speedway Plaza Shopping Center, (bottom centered photo a 185,279-square-foot retail center in Westborough, Massachusetts.
HFF managing director Jim Cadranell (top right photo) worked exclusively on behalf of Regency Centers to secure the five-year, fixed-rate loan through Commerce Bank & Trust of Worcester, Massachusetts. Regency Centers is a publicly-traded, national developer, owner and operator of grocery-anchored and community shopping centers.
Speedway Plaza is located at 290 Turnpike Road (State Route 9) on a 32.10-acre site close to State Route 20 and Interstate 495 in Westborough, approximately 29 miles west of Boston. The fully leased property is anchored by Stop & Shop and BJ’s Wholesale Club.
“We were pleased to utilize our national network of capital relationships on behalf of Regency Centers to identify the ideal local lender that recognized the long-term value and stability of Speedway Plaza,” said Cadranell.
Contacts:
James A. Cadranell, HFF Managing Director, 973) 549-2000, jcadranell@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, ( (713) 852-3500, krmurphy@hfflp.com
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