BOSTON – Boston-based Fantini & Gorga recently arranged $3.5 million in first mortgage financing for Harney’s Plaza, a 38,500-square foot, retail plaza located on Route 134 in South Dennis, MA.
The property is located by the only four leaf clover traffic interchange on the Cape and is located near the intersection of Routes 134 and 6.
The Fantini & Gorga team was led by Derek Coulombe, Senior Managing Director, Despina Hixon, Senior Director, and Lindsay Feig, Analyst, who together arranged the refinancing on behalf of the borrower.
“The borrower was looking for financing to match his long term hold perspective. Due to the high quality of this asset as well as the property’s excellent location and occupancy history we were able to secure long term, non-recourse, fixed rate financing with one of our correspondent life companies” stated Mr. Coulombe.
Harney’s Plaza is 100% occupied and has a diverse tenant roster that is anchored by Ring Bros Marketplace (a regional natural food grocer); it also includes Dunkin Donuts, ProCuts and D’Angelos. The property also has second level office space that is leased to a mix of tenants including an insurance company and travel agency. The subject also includes ample parking in excess of 260 surface spaces. Harney’s Plaza benefits from excellent signage along Route 134 and other retail amenities in the area, which leads to strong foot traffic for the plaza.