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