Boston-based Fantini & Gorga has arranged a $5.6 million construction and permanent financing package for a freestanding indoor sports facility in Danvers.
The property was developed by a group of locally based businesspeople and real estate entrepreneurs with experience in recreational sports facilities.
Casimir Groblewski and Joe Eddy, managing directors at Fantini & Gorga, represented the developers and arranged the financing with a locally based financial institution along with the U.S. Small Business Administration.
The 70,000-square-foot steel frame industrial building is located on Route 114 (Andover Street) just east of Route I-95 and Route 1. The facility includes four indoor turf fields, a viewing mezzanine for spectators, a concession stand and additional space. The property’s design allows conversion at any time to distribution and manufacturing uses.
"We were pleased to be able to offer our client a creative financing solution so that this project could be developed," Eddy said in a statement. "The financing of this property allowed the North Shore to have a wonderful indoor sports facility that was sorely needed in the community."
"The SBA program was a perfect fit for this type of development," Groblewski added.





