Site plan for proposed Lowe's in QuincyBoston-based Fantini & Gorga has arranged a $13 million financing of a ground lease to Lowe’s Home Improvement in Quincy.

The transaction allows Lowe’s to complete its construction on about 16.5 acres on Burgin Parkway across from the Quincy Adams MBTA Station. A 102,000-square-foot Lowe’s Home Improvement store will be built on 13 acres, while the remaining area includes a relocated city park and a land swap with an existing owner, according to a statement.

Tim O’Donnell, managing director and principal, along with Mark Whelan, director, and Andrew Kern, analyst, arranged the financing with a regional banking institution.

"This transaction involved many moving pieces, as you can imagine," said O’Donnell. "Despite the complexity of the deal, and the simultaneous difficulties in the credit markets, we were able to secure attractive debt for one of our client’s core assets."

 

Financing Complete For Lowe’s In Quincy

by Banker & Tradesman time to read: 1 min
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