COLLIERS MEREDITH & GREW HANDLES REFINANCING OF POST ROAD PLAZA

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MARLBOROUGH, MASS. — The Capital Markets group of Colliers Meredith & Grew has arranged a $9 million loan for the refinancing of Post Road Plaza in Marlborough. The 209,657-square-foot shopping center is located at 246 E. Main St. It is 98 percent leased to a tenant roster that includes Marshalls, CVS/pharmacy, Price Chopper and Ocean State Job Lot. John Broderick of Colliers represented the borrower, Karnak Realty. The loan carries a 20-year term and a fixed interest rate. The lender is Aviva Investors, a subsidiary of Aviva plc.

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