Newington, Conn. – The 10-year loan features two years of interest-only payment and a 30-year amortization schedule.
The 189,864-square-foot Newington Commons Shopping Center is tenanted by Stop N’ Shop, Bob’s Stores, Party City, Petco, Planet Fitness and Michaels.Newington, Conn. – NorthMarq Capital has secured $24 million to refinance Newington Commons Shopping Center in Newington. The 189,864-square-foot shopping center is tenanted by Stop N’ Shop, Bob’s Stores, Party City, Petco, Planet Fitness and Michaels. The 10-year loan features two years of interest-only payment and a 30-year amortization schedule. Keith Braddish of NorthMarq Capital’s New York office arranged the financing for the borrower through NorthMarq’s relationship with a CMBS lender.
— Amy Bigley Works