SOLD
Supreme Development Acquires Retail Plaza In Canton For $8.7M With Dedham Savings Bank Financing
4 Washington Street
Retail
40,000 SF
40,000 SF
Sold 17 days ago
Summary
Sale
MASSACHUSETTS
Retail
40,000 sqft
A largely vacant retail shopping plaza located at 4 Washington Street in Canton was recently acquired by Giorgio Petruzziello of Supreme Development for $8.7 million. Spanning approximately 40,000 square feet on a 10-acre site, the property was financed by Dedham Savings Bank which provided $12 million in financing for the transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,700,000
- Market: Canton, MA
- Square Footage: 40,000
- Price Per Square Foot: $218
- Buyer: Giorgio Petruzziello - Supreme Development
- Lender: Dedham Savings Bank
Giorgio Petruzziello of Supreme Development successfully closed the deal to purchase the retail shopping plaza in Canton, showcasing his expertise in real estate transactions. Dedham Savings Bank played a crucial role in the financing, supporting the acquisition with a substantial loan amount. The collaboration between the buyer and the lender facilitated the smooth completion of the transaction.
Players
All
1
Lenders
1
Details
SOLD
IMAGE: Giorgio Petruzziello
DATE: 04/30/2024
ADDRESS: 4 Washington Street
MARKET: Canton, MA
ASSET TYPE: Retail ~ ACRES: 10
BUYER: Giorgio Petruzziello - Supreme Development (@Supreme_Development)
LENDER: Dedham Savings Bank
SALE PRICE: $8,700,000
SF: 40,000 ~ PPSF: $218
NOTE: Supreme Development recently purchased a largely vacant retail shopping plaza at 4 Washington Street in Canton for $8.7 million. Dedham Savings Bank provided $12 million in financing for the transaction, with the plaza spanning approximately 40,000 square feet on a 10-acre site.View on map
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Address4 Washington Street
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