Burlington-based Linear Retail Properties LLC said it has secured a $5.9-million refinancing loan for Chelmsford Plaza from Enterprise Bank.

The 24,262-square-foot Chelmsford Plaza, located at 103 Drum Hill Road in Chelmsford, recently underwent an extensive renovation, and is fully leased. Key tenants include Starbucks, Sherwin Williams and Sprint.

"Linear Retail’s focus is on acquiring conveniently located retail shopping centers in select markets. The Merrimack Valley is our home base, so it was only right to work together on financing these two properties. Their management team is highly professional and a pleasure to work with. Enterprise Bank is very pleased to establish this mutually beneficial relationship with Linear Retail," Steven Larochelle, Enterprise Bank’s executive vice president, said in a statement.

Enterprise Bank Refinances Chelmsford Retail Plaza

by Banker & Tradesman time to read: <1 min
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