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HFF Closes $13.7M Sale, Arranges Financing For Franklin BJ’s

Apr 7, 2010 | Reprints | Unlock Link | Print

100 Corporate Drive, Franklin The Boston office of Holliday Fenoglio Fowler, L.P. (HFF) has closed the sale of a 108,510-square-foot BJ’s Wholesale Club in Franklin and arranged the acquisition financing.

The property was constructed in 2000 and BJ’s occupies the facility under the terms of a long-term lease. The property at 100 Corporate Drive is situated on 17.53 acres of land located immediately adjacent to Interstate 495.

HFF’s Coleman Benedict and Ben Sayles exclusively represented the seller, National Development, and procured the 1031 exchange buyer in the $13.7 million, off-market transaction. HFF senior managing director Fred Wittmann subsequently secured a $7.5 million, fixed-rate acquisition loan through Flagship Bank.

Commercial & Industrial