NORTHMARQ ARRANGES $44M MORTGAGE FOR FRANKLIN VILLAGE PLAZA

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FRANKLIN, MASS. — NorthMarq has arranged $44 million in first mortgage financing for Franklin Village Plaza, a 304,277-square-foot mixed-use shopping center in Franklin. NorthMarq's Doug Nickerson and Greg Nalbandian arranged the financing based on a 5-year term with a 30-year amortization schedule. The financing was arranged on behalf of borrower CSC Franklin Village LP through NorthMarq's correspondent relationship with Sun Life Assurance Co. of Canada. The shopping center sits on 32.07 acres and features 246,287 square feet of retail space and 57,990 square feet of office space. Tenants include Stop & Shop, Marshalls, British Beer Co. and Panera Bread.

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