PITTSBURGH, PA – HFF announced that it has secured a permanent loan for the Square One Mall (top left photo) a regional mall in Saugus, Massachusetts.
Working on behalf of Mayflower Square One, LLC, HFF placed the 10-year, fixed-rate loan with Deutsche Bank.
The loan replaced maturing debt on the property. Mayflower Square One, LLC includes entities partially owned by Simon Property Group, Teachers Insurance and Annuity Association of America and Canadian Pension Plan.
The securitized loan will also be sub-serviced by HFF.
Square One Mall is located off Route 1 in Saugus about nine miles north of Boston. The property is anchored by Macy’s, Sears, Best Buy, T.J. Maxx & More and Dick’s Clothing & Sporting Goods.
Additional retailers at the well-leased mall include The Gap/GapKids, American Eagle Outfitters, The Children’s Place, Express, Old Navy and H&M.
The HFF team representing the borrower included executive managing director John Pelusi (middle right photo), managing director Claudia Steeb and director Lauren O’Neil.
Contacts:
JOHN H. PELUSI, JR.
HFF Executive Managing Director
(412) 281-8714
CLAUDIA A. STEEB
HFF Managing Director
(412) 281-8714
LAUREN E. O’NEIL
HFF Director
(617) 338-0990
KRISTEN M. MURPHY
HFF Associate Director, Marketing
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