Fantini & Gorga, a Boston-based mortgage banking firm, it has arranged a $12 million refinancing package for a the landlord of a free-standing Marshalls store in Swampscott.
Casimir Groblewski, managing director of Fantini & Gorga, represented landlord Botsini-Paradise Road LLC, a Massachusetts-based commercial real estate investment group, in the transaction.
Occupying 53,872 square feet, this Marshalls is located in Vinnin Square, a retail district in Swampscott. It has operated at this location for more than 30 years.
According to Groblewski, the capital market was attracted to this opportunity because of the strength of the location and the tenant.
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