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| Riaz Cassum |
BOSTON, MA – Aug. 24, 2015
– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured
$35.23 million in combined financing for Main Street Marketplace in Waltham,
Massachusetts and Eaglewood Shops in North Andover, Massachusetts.
Working on behalf of the
borrower, Linear Retail Properties, HFF placed the fixed-rate, first mortgage
acquisition loans with different lenders in two separate transactions.
A $14.56 million loan was
placed with Cambridge Trust Company for Main Street Marketplace and a $20.67
million loan was secured through Washington Trust with Middlesex Savings Bank
for Eaglewood Shops.
Main Street Marketplace is
a 44,461-square-foot, Class A retail center that was completed in 2012.
The property is fully leased to 13 local,
regional and national tenants including iParty, Panera Bread, Chipotle Mexican
Grill, GNC, Aspen Dental, Supercuts, Five Guys and AT&T Wireless.
Situated on a 4.31-acre
site at 1030 Main Street, the property is straddled by State Routes 20 and 117
about a half of a mile east of Route 128/Interstate 95 in Waltham. Average daily traffic counts at the property
exceed 31,000 cars per day on Weston Road (Route 20).
 |
| Brett Paulsrud |
Completed in 2005, Eaglewood
Shops is a Class A retail center with 77,558 square feet of space anchored by
Staples.
Other retailers at the
fully-leased center include Pier 1 Imports, Jos. A. Bank, Burtons Grill,
Chipotle Mexican Grill, Thyme Sushi and b good.
Eaglewood Shops is located
on more than 13 acres at 145 Turnpike Street less than one mile south of
Interstate 495 in North Andover. The
property has average daily traffic counts of more than 29,000 vehicles per day
on Turnpike Street (Route 114).
The HFF debt placement
team representing the borrower was led by senior managing director Riaz Cassum and director Brett Paulsrud.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
or on Twitter @LinearRetail.
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