Bierbrier Development Refinances Arlington, MA Retail Center for $12.28 Million

- November 16, 2020

LEXINGTON, MA - Bierbrier Development has successfully completed the $12.28 million refinancing of Arlington Village Shops in Arlington, MA. Located on Mass Ave. in Arlington Heights, the property is a 26,300-square-foot shopping center with national tenants, including Citizens Bank, Unleashed by Petco, Sherwin Williams, Massage Envy, AFC Urgent Care and European Wax Center.

Brian Corcoran of Ackman-Ziff represented Bierbrier in the transaction. “Well located real estate, combined with strength of sponsorship and  and a longstanding relationship with a local lender were paramount in completing this transaction amidst a cautious retail lending market.” said Brian. 

Nick Donofrio, First Vice President and Commercial Real Estate Team Leader at Cambridge Savings Bank provided the 10-year financing.

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