BURLINGTON, MA—Linear Retail Properties hassecured a nearly $51-million refinancing of six of its retailproperties in New England.

The deal on the six-property, 224,0001-square-foot portfolio wasannounced by HFF, which placed the fixed-rate$50.6-million loan with Allianz Real Estate of America,LLC. The loan proceeds will be used to pay off existingdebt, according to HFF.

The portfolio consists of: 1000 Bald Hill Roadin Warwick, RI; Burlington Marketplace inBurlington, MA; Peabody Gardens in Peabody, MA;Flint Village Plaza in Fall River, MA; 345Main Street in Reading, MA and 1 CarlisleRoad in Westford, MA. The properties are overall 97.7%leased to tenants such as: Trader Joe's, CVS Pharmacy, Rite Aid,Starbucks, Panera Bread, Chipotle Mexican Grill, Bank of America,and Dunkin' Donuts.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.