Bierbrier Development Refinances Arlington Retail Center for $12.28 Million

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LEXINGTON, MA – Bierbrier Development has completed the $12.28 million refinancing of Arlington Village Shops in Arlington, MA.

Located on Massachusetts Avenue in Arlington Heights, MA the property is a 26,300-square-foot shopping center with national tenants, including Citizens Bank, 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,” said Mr. Corcoran.

Nick Donofrio, First Vice President and Commercial Real Estate Team Leader at Cambridge Savings Bank, provided the 10-year financing.