Boston-based HFF has secured $50.6 million in refinancing for a six-property, 224,001-square-foot retail portfolio in Massachusetts and Rhode Island.
Working on behalf of Burlington-based Linear Retail Properties, HFF placed the fixed-rate loan with Allianz Real Estate of America LLC. Loan proceeds will be used to pay off existing debt.
Burlington Marketplace in Burlington; Peabody Gardens in Peabody; Flint Village Plaza in Fall River; 345 Main Street in Reading; 1 Carlisle Road (Rite Aid) in Westford; and 1000 Bald Hill Road in Warwick, R.I. The properties are 97.7 percent leased overall to tenants including Trader Joe’s, CVS Pharmacy and Panera Bread among others.
HFF’s senior managing director Riaz Cassum and senior real estate analyst Brett Paulsrud represented the borrower.



