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Heights retail block refinanced for $12.28M

Bierbrier Development of Lexington has completed a $12.28 million refinancing of Arlington Village Shops in the Heights.

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Situated on Mass. Ave., the property is a 26,300-square-foot shopping center with tenants, including Citizens Bank, Apothca, Unleashed by Petco, Sherwin Williams, Massage Envy, AFC Urgent Care and European Wax Center.

Brian Corcoran of Ackman-Ziff represented Bierbrier Development in the transaction.

“Well-located real estate, combined with strength of sponsorship and a longstanding relationship with a local lender were paramount in completing this transaction amidst a cautious retail lending market,” Corcoran said in a report in Boston Real Estate Times.

Nick Donofrio, first vice president and commercial real estate team leader at Cambridge Savings Bank, arranged for providing the 10-year financing.


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This business news announcement was published Wednesday, Nov. 18, 2020. 

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