Vermont Archives - REBusinessOnline

Chozick Realty Negotiates $9.8M Sale of Shopping Center in Morrisville, Vermont

Taylor Williams — Fri, 05 Sep 2025 12:41:49 +0000

MORRISVILLE, VT. — Regional brokerage firm Chozick Realty has negotiated the $9.8 million sale of Morrisville Plaza, a 104,380-square-foot shopping center in upstate Vermont. Marshalls and Ocean State Job Lot anchor the center, which was built on 11 acres in the early 1990s and is also home to McDonald’s, Kinney Drugs, TD Bank and M&T Bank. Tom Boyle of Chozick Realty represented the buyer and seller, both of which requested anonymity, in the transaction.

The post Chozick Realty Negotiates $9.8M Sale of Shopping Center in Morrisville, Vermont appeared first on REBusinessOnline.

M&T Realty Capital Provides $5M in Equity for Affordable Housing Redevelopment in Vermont

Taylor Williams — Mon, 30 Jun 2025 13:38:48 +0000

ORANGE COUNTY, VT. — M&T Realty Capital Corp. has provided $5 million in equity for Chelsea Williamstown Apartments, an affordable housing redevelopment project in Vermont’s Orange County. The project involves the rehabilitation and adaptive reuse of two noncontiguous properties that will add 61 rent-restricted units, many of which will be marketed to seniors, to the local supply. Northfield Savings Bank is financing construction, which is expected to be complete next spring. The owner was not disclosed. M&T also provided a $5.6 million Fannie Mae M.TEB forward commitment as part of the capital stack.

The post M&T Realty Capital Provides $5M in Equity for Affordable Housing Redevelopment in Vermont appeared first on REBusinessOnline.

Eastern Union Arranges $9.4M in Financing for Mixed-Use Redevelopment in Springfield, Vermont

Taylor Williams — Thu, 17 Apr 2025 13:56:35 +0000

SPRINGFIELD, VT. — Eastern Union has arranged $9.4 million in construction-to-permanent financing for a mixed-use redevelopment project in Springfield, located in Windsor County near the Vermont-New Hampshire border. The site at 100 River St. is the original home of the historic Fellows Gear Shaper Co. mill complex and currently houses a 187,030-square-foot commercial building that is home to six tenants. The borrower, San Diego-based Integrity Community Partners LLC, will use the financing to redevelop the property to feature a 43,000-square-foot self-storage facility and 55,000 square feet of retail space. Marc Tropp, David Merkin, Ben Alpert and Ary Katzenstein of Eastern Union originated the loan through Bank of New Hampshire.

The post Eastern Union Arranges $9.4M in Financing for Mixed-Use Redevelopment in Springfield, Vermont appeared first on REBusinessOnline.

Cronheim Mortgage Arranges $9M Refinancing of Two New England Shopping Centers

Taylor Williams — Fri, 24 Jan 2025 14:43:41 +0000

DERBY, VT. AND WALLINGFORD, CONN. — New Jersey-based financial intermediary Cronheim Mortgage has arranged the $9 million refinancing of two New England shopping centers. The first property is Shaw’s Plaza, an 80,193-square-foot, grocery-anchored center in Derby, Vt., that was originally built in 1968. The second property is Kohl’s Plaza, a 159,600-square-foot shopping center in Wallingford, Conn., that is also home to Aldi, Harbor Freight and Sally Beauty. Brandon Szwalbenst, Dev Morris and Andrew Stewart of Cronheim arranged the debt on behalf of the owner, National Realty & Development Corp. The direct lender was not disclosed.

The post Cronheim Mortgage Arranges $9M Refinancing of Two New England Shopping Centers appeared first on REBusinessOnline.

CBRE Brokers $19M Sale of Two Hotels in White River Junction, Vermont

Taylor Williams — Fri, 19 Apr 2024 14:01:11 +0000

WHITE RIVER JUNCTION, VT. — CBRE has brokered the $19 million sale of two adjacent hotels in White River Junction, located along the Vermont-New Hampshire border. The 77-room Holiday Inn Express & Suites and the 110-room White River Inn & Suites are both located at the intersection of Interstates 89 and 91. The Larkin Family Partnership sold the properties to Giri Hotel Management LLC. Dave McElroy, Scott Hutchinson and Tyler Black of CBRE brokered the deal on behalf of both parties.

The post CBRE Brokers $19M Sale of Two Hotels in White River Junction, Vermont appeared first on REBusinessOnline.

CBRE Brokers Sale of 308-Bed Student Housing Community Near University of Vermont

Taylor Williams — Fri, 10 Nov 2023 14:30:00 +0000

WINOOSKI, VT. — CBRE has arranged the sale of Spinner Place, a 308-bed student housing community located near the University of Vermont in Winooski. The community offers shared amenities including a media room, fitness center and recreation room. The property also features ground-floor retail space that is leased to The Archives Bar, Champlain Nails, Asian Bistro and La Bella Skin Boutique. Jaclyn Fitts, William Vonderfecht, Casey Schaefer, John Reed and Jack Reed of CBRE represented the undisclosed seller in the transaction. Property Income Advisors Inc. represented the undisclosed buyer. Mike Bryant and Brad Peters, also with CBRE, arranged acquisition financing on behalf of the buyer.

The post CBRE Brokers Sale of 308-Bed Student Housing Community Near University of Vermont appeared first on REBusinessOnline.

Heidenberg Completes Redevelopment of Vermont Mall, Signs New Tenants

Taylor Williams — Wed, 03 May 2023 11:45:00 +0000

BERLIN, VT. — Heidenberg Properties has completed the redevelopment of Berlin Mall, located just south of the Vermont state capital, into a mixed-use development and signed two new tenants to leases totaling roughly 60,000 square feet. The redevelopment began last year with the opening of Chestnut Place, a 98-unit seniors housing complex. Five Below opened a store at the property in February, and Hobby Lobby backfilled the former J.C. Penney anchor space in April. Heidenberg has also obtained approval for the addition of 30 residential units as well as a standalone, drive-thru Starbucks, and rebranded the property as Central Vermont Marketplace.

The post Heidenberg Completes Redevelopment of Vermont Mall, Signs New Tenants appeared first on REBusinessOnline.

Waterton Acquires 54-Room Hotel in Stowe, Vermont, Plans Repositioning

Taylor Williams — Wed, 29 Mar 2023 14:00:12 +0000

STOWE, VT. — Chicago-based investment firm Waterton has acquired Town & Country Stowe, a 54-room hotel located near Burlington in upstate Vermont. The site spans 10 acres and is adjacent to Cady Hill Forest. Waterton plans to update the guestrooms and outdoor common areas and add a mix of lofted barn suites and cabins. The seller and sales price were not disclosed. Waterton has tapped Springboard Hospitality to manage the property. f Dave McElroy and Scott Hutchinson of CBRE brokered the deal.

The post Waterton Acquires 54-Room Hotel in Stowe, Vermont, Plans Repositioning appeared first on REBusinessOnline.

Walker & Dunlop Provides $46M HUD Loan for Assisted Living Portfolio in Vermont, New Hampshire

Taylor Williams — Mon, 20 Mar 2023 13:31:13 +0000

BETHESDA, MD. — Walker & Dunlop has provided a $46 million HUD-insured loan for the refinancing of a portfolio of four assisted living facilities totaling 244 beds that are located throughout Vermont and New Hampshire. Woodstock Terrace and Valley Terrace respectively comprise 42 and 61 beds and are located in Woodstock and White River Junction, Vt. Wheelock Terrace and Windham Terrace respectively total 70 and 71 beds and are located in Hanover and Windham, N.H. Frank Cassidy of Walker & Dunlop originated the financing through HUD’s 232/223(f) program on behalf of the locally based borrower, Terrace Communities.

The post Walker & Dunlop Provides $46M HUD Loan for Assisted Living Portfolio in Vermont, New Hampshire appeared first on REBusinessOnline.

Fantini & Gorga Arranges $12M Loan for Refinancing of Office Complex in Burlington, Vermont

Taylor Williams — Fri, 03 Feb 2023 14:13:28 +0000

BURLINGTON, VT. — Metro Boston-based mortgage banking firm Fantini & Gorga has arranged a $12 million loan for the refinancing of Gateway Square, a two-building office complex in Burlington, located in northwestern Vermont. The buildings are located at 30 and 40 Main St. and were both completed in 1999. Wayne Clough and Colin Monahan of Fantini & Gorga placed the loan with a regional bank on behalf of the borrower, Investors Corp. of Vermont Properties.

The post Fantini & Gorga Arranges $12M Loan for Refinancing of Office Complex in Burlington, Vermont appeared first on REBusinessOnline.

CBRE Arranges $10M Sale-Leaseback of Car Dealership in Bennington, Vermont

Taylor Williams — Thu, 27 Oct 2022 13:27:28 +0000

BENNINGTON, VT. — CBRE has arranged a $10 million sale-leaseback of a 20,219-square-foot car dealership in Bennington, located near the Vermont-Massachusetts border. Legacy Automotive Capital acquired the site, which was constructed in 2018, and will continue to lease it to Lundgren Subaru of Bennington. Karly Iacono of CBRE represented the seller and procured the buyer in the transaction.

The post CBRE Arranges $10M Sale-Leaseback of Car Dealership in Bennington, Vermont appeared first on REBusinessOnline.

Big V Property Group Acquires 47,837 SF Retail Village in Stratton, Vermont

Taylor Williams — Mon, 25 Apr 2022 13:49:23 +0000

STRATTON, VT. — Big V Property Group, a retail investment firm with five offices across the country, has acquired The Village at Stratton, a 47,837-square-foot retail village in the Vermont ski resort town of Stratton. The Village at Stratton was fully leased at the time of sale to a roster of 20 tenants. Big V acquired the property as part of a portfolio sale that included The Village at Snowshoe in West Virginia and The Village at Copper Mountain in Colorado. The seller was not disclosed.

The post Big V Property Group Acquires 47,837 SF Retail Village in Stratton, Vermont appeared first on REBusinessOnline.

FoxRock Acquires 165,611 SF Industrial Facility in Brattleboro, Vermont

Taylor Williams — Thu, 14 Apr 2022 12:30:14 +0000

BRATTLEBORO, VT. — FoxRock, a commercial investment firm based in Boston’s South Shore area, has acquired a 165,611-square-foot industrial facility located in the southern Vermont city of Brattleboro. The site at 90 Technology Drive spans 48.5 acres and is situated roughly a mile from Interstate 91. At the time of sale, the facility was fully leased to two tenants: New Chapter, a vitamin- and supplement-focused subsidiary of Proctor & Gamble; and UNFI, a wholesale grocery distributor. The seller and sales price were not disclosed.

The post FoxRock Acquires 165,611 SF Industrial Facility in Brattleboro, Vermont appeared first on REBusinessOnline.

Taconic Capital Advisors, Eastern Real Estate Acquire 617,000 SF University Mall in Vermont

Kristin Harlow — Wed, 23 Mar 2022 12:00:37 +0000

SOUTH BURLINGTON, VT. — A partnership between Taconic Capital Advisors and Eastern Real Estate has acquired University Mall in South Burlington, a city in northwest Vermont. The 617,000-square-foot property is the largest mall in the state. A CMBS trust sold the asset for $60 million. The new owners say they are exploring a range of plans to reenergize the shopping center, which is located less than one mile from the University of Vermont, The University of Vermont Medical Center and Burlington International Airport. With more than 50 local and national shops and restaurants, the mall is 95 percent occupied and draws an estimated 3.9 million annual visitors, according to the buyers. University Mall is home to an 85,500-square-foot JC Penney, an 86,000-square-foot Kohl’s, a 48,000-square-foot Hannaford Brothers and a 60,000-square-foot Target, which is the only Target store in Vermont. “The property has been a gathering place for decades, and our commitment is to build on its success as a vital retail and economic asset for Vermont,” says Alex Fleming, director with Taconic. Andrew Hayes, director with Eastern, will oversee the planning, leasing strategy and overall repositioning of the mall. Local firm KeyPoint Partners, led by Heather Tremblay, will maintain its…

The post Taconic Capital Advisors, Eastern Real Estate Acquire 617,000 SF University Mall in Vermont appeared first on REBusinessOnline.

Nedde Begins Work on 96,000 SF Office, Multifamily Redevelopment in Burlington, Vermont

Alex Patton — Wed, 10 Jun 2020 15:35:39 +0000

BURLINGTON, VT. — Nedde Real Estate has begun work on a 96,000-square-foot office and multifamily redevelopment project in Burlington, approximately 40 miles northwest of Montpelier. Project costs are estimated to be roughly $20 million. The locally based developer will convert the People’s United Bank Building, located at 77 Pine St., into a property with 43,000 square feet of office and bank space and 50 apartments. People’s United Bank currently uses the office space as its headquarters. The apartments will offer loft, one- and two-bedroom floor plans. The project is slated for completion in summer 2021.

The post Nedde Begins Work on 96,000 SF Office, Multifamily Redevelopment in Burlington, Vermont appeared first on REBusinessOnline.

Vermont Museum, M&S Development Plan $30M Art Center, Multifamily Building

Alex Patton — Thu, 21 Nov 2019 14:17:59 +0000

BRATTLEBORO, VT. — The Brattleboro Museum & Art Center (BMAC) and M&S Development have revealed development plans for a proposed $30 million art gallery and museum in Brattleboro, located in southern Vermont. The 55,000-square-foot building will feature art galleries, classrooms, a café and 24 apartment units. Boston-based Schwartz/Silver Architects is designing the project in collaboration with local architect Stevens & Associates. BMAC is currently raising funds for the project, and the timeline of construction was undisclosed.

The post Vermont Museum, M&S Development Plan $30M Art Center, Multifamily Building appeared first on REBusinessOnline.

Carnegie Capital Arranges $29M Loan for Refinancing of Seniors Housing Property in Vermont

Taylor Williams — Mon, 15 Jul 2019 15:36:55 +0000

VERMONT — Carnegie Capital, a financial intermediary based in Austin, Texas, has arranged a $29 million loan for the refinancing of a seniors housing community in Vermont. The Class A property, the name of which was not disclosed, includes 80 units and offers assisted living and memory care services. The one-year, interest-only loan will be used to refinance existing construction debt. The borrower was also undisclosed.

The post Carnegie Capital Arranges $29M Loan for Refinancing of Seniors Housing Property in Vermont appeared first on REBusinessOnline.

AWH Partners Acquires 100-Acre Topnotch Resort and Spa in Stowe, Vermont

David Cohen — Thu, 24 Jan 2019 16:45:28 +0000

STOWE, VT. — Real estate investment, development and management firm AWH Partners has acquired the Topnotch Resort and Spa in Stowe. The sales price was undisclosed. Set on 100 acres of woodland and the foot of Mount Mansfield, Topnotch Resort includes 68 guestrooms, a 35,000-square-foot spa and two full-service restaurants. The resort also features four indoor and six outdoor tennis courts as well as a whirlpool/Jacuzzi and two outdoor pools with mountain views. The property was named by U.S. News & World Reportas best hotel in Vermont of 2017. AWH’s hospitality management company is now managing the resort.

The post AWH Partners Acquires 100-Acre Topnotch Resort and Spa in Stowe, Vermont appeared first on REBusinessOnline.

Marcus & Millichap Brokers $2.3M Sale of Shopping Center in Vermont

David Cohen — Wed, 07 Nov 2018 14:47:46 +0000

WINDSOR, VT. — Marcus & Millichap has brokered the $2.3 million sale of Price Chopper Plaza, a 30,674-square-foot, grocery-anchored shopping center in Windsor. Located at 2781 US Route 5, the center is occupied by three service-based tenants, including Price Chopper, a regional grocery operator that has been at the site since 1998. The other tenants at the property include Dollar General and Aubuchon Hardware. Mark Krantz and Derrick Dougherty of Marcus & Millichap represented the seller, Gary Richetelli of Commercial Development Co., in the transaction. The buyer was a real estate investment firm based in Pittsburgh.

The post Marcus & Millichap Brokers $2.3M Sale of Shopping Center in Vermont appeared first on REBusinessOnline.

HFF Brokers Sale of 309-Room DoubleTree by Hilton Burlington in Vermont

David Cohen — Mon, 15 Oct 2018 14:21:47 +0000

BURLINGTON, VT. — HFF has brokered the sale of the 309-room DoubleTree by Hilton Burlington. The price was not disclosed. Denny Meikleham, Alan Suzuki and Matthew Enright of HFF represented the seller, RLJ Lodging Trust, in the transaction. The buyer was AAM 15 Management LLC. Located at 870 Williston Road, the property is the largest conference center hotel in Vermont with 30,000 square feet of event space. Amenities include an indoor heated pool, fitness center, business center and complimentary shuttle service.

The post HFF Brokers Sale of 309-Room DoubleTree by Hilton Burlington in Vermont appeared first on REBusinessOnline.