NORTH ATTLEBORO, MA-Three retail properties –two here and one in Manchester, CT–received $28,350,000 in permanent financing to be purchased by David Lichtenstin of New Jersey. GMAC Commercial Mortgage arranged the financing.

Christmas Tree Shops Plaza received $9,675,000 borrowed by Christmas Tree Shops Plaza LLC and Bernie’s Plaza received $7,950,000 borrowed by Cumberland Avenue Plaza LLC. Both properties are in North Attleboro. The third property in Connecticut, Hale Road Plaza, received $10,725,000 borrowed by Hale Road Plaza LLC. Anchor tenants for the three properties are the Christmas Tree Shops, MVP Sports, David’s Bridal and the Guitar Center. The three retail properties have a total of 269,107 sf.

“This was a repeat borrower and there were no glitches in this deal,” John D. Motzel, vice president of the Red Bank New Jersey office, tells Motzel arranged the transactions.

Horsham, PA-based GMAC has more than 50 offices nationwide and has a servicing portfolio of over $82 billion. It is a wholly owned subsidiary of GMAC Commercial Holding Corp.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?


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

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.