Boston Real Estate Times – BOSTON, MA – Holliday Fenoglio Fowler, L.P. (HFF) announced that it has arranged $34.5 million in first mortgage financing for Alewife Brook Parkway Shopping Center, a 47,004-square-foot, Trader Joe’s and CVS-anchored center in Cambridge, Massachusetts.
Working on behalf of Linear Retail Properties, LLC, HFF placed the fixed-rate loan with Nationwide Life Insurance Company.
Alewife Brook Parkway Shopping Center was built and substantially redeveloped in 2009, and is fully leased to the two anchor tenants, TD Bank, Chipotle Mexican Grill, Mattress Firm, Sav-Mor Spirits, Genki Ya and T-Mobile. The Class A urban retail center is situated on a 3.49-acre site located along Alewife Brook Parkway, near the intersection of State Routes 2, 3 and 16, less than a quarter of a mile south of the Alewife MBTA station in Cambridge.
The HFF debt placement team was led by senior managing director Riaz Cassum, director Brett Paulsrud and senior real estate analyst Andrew Gray.
“HFF was able to work very closely with our client to secure a loan that met all their objectives,” said Paulsrud. “It is always a pleasure to work with best-in-class organizations such as Linear Retail and Nationwide.”