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NEWTON, MASS. — The Capital Markets Group of Boston-based Colliers Meredith & Grew has arranged a $7.5 million loan for the refinancing of a 62,589-square-foot retail property located in Newton. The two-building center is situated at 241-281 Needham St. It is 99 percent leased to a tenant roster that includes Marshalls, CVS/pharmacy and AAA Southern New England. The loan includes a 5-year term and a fixed interest rate. It was secured by John Broderick of Colliers Meredith & Grew on behalf of the borrower, Northland Investment Corp. The lender was Washington Trust Co., a subsidiary of Washington Trust Bancorp.