The property involved--which is made up of two parcels--is 3.66-acres and is leased to Baby Superstore Inc. The main parcel at 477 South Broadway was sold to the borrower and consists of 2.6 acres, including the 38,791-sf retail store.
The second 1.06-acre parcel was formally a three-screen movie theater. It has been leased to the borrower to provide Babies R' Us with adequate parking. The property is located along South Broadway, Route 28, which is the city's main retail artery, just south of the Interstate 93 Interchange and is two miles north of the Massachusetts border. This retail area serves as a regional retail center for southern New Hampshire and northern Massachusetts.
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