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Fantini & Gorga Arranges $3.75M Acquisitions In Franklin

Jul 24, 2013 | Reprints | Unlock Link | Print

Boston-based Fantini & Gorga has arranged a $3.75 million first mortgage financing package for the acquisition of the former Storage Max facility in Franklin.

Casimir Groblewski, managing director, represented the client, Storage Pros Management LLC. The lender was a Massachusetts-based financial institution with significant experience in self-storage lending.

The property is located at 14 Grove St. and includes an annex at 519 Beaver St. Together the two sites contain more than 400 units and 51,500 square feet of rentable area. There is also 3,350 square feet of retail space leased to a third-party tenant. Storage Pros Management has undertaken a significant renovation and is adding 15,000 square feet of storage space to the facility.

Commercial & Industrial