Cronheim Secures $7.4 Million Refinancing for Shopping Center in Pittsfield, Massachusetts

by Hayden Spiess

Pittsfield, Mass. — Cronheim Mortgage has secured a $7.4 million loan for the refinancing of Merrill Road Retail Plaza, a shopping center located in Pittsfield. Constructed in 1971, the property was fully leased at the time of financing to tenants including T.J. Maxx, HomeGoods, Harbor Freight, Aspen Dental, Sally Beauty Supply and Planet Fitness. Andrew Stewart, Dev Morris and Brandon Szwalbenest of Cronheim arranged the 10-year financing on behalf of the borrower, Phoenix Realty Management. 

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