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BOSTON-A retail center in Pittsfield, MA is securing $6.5 million to pay back an existing mortgage loan, coming due on the 126,000-square-foot property. Phoenix Merril Road LLC is retaining a 10-year, 6.35 % fixed-rate loan through a regional bank for 676 Merril Rd., located in the Pittsfield Plaza.

The plaza is within roughly 800,000 square feet of retail along State Routes 8 and 9. The loan was secured by Holliday Fenoglio Fowler, L.P., and the property boasts big name tenants, such as Petco, TJ Maxx, Radio Shack, Hollywood Video, Dollar Tree and Home Goods.

Closer to Boston in Cambridge, a two-building, seven-story multifamily property is grabbing $3 million in permanent financing from a “major Massachusetts-based financial institution,” according to Casimir Groblewski, Fantini & Gorga managing director. Fantini & Gorga arranged the financing for 881-885 Massachusetts Ave. for the owner, an unnamed Boston-based realty trust. Terms for the loan were not disclosed and GlobeSt.com inquiries were not returned by deadline.

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