Waterstone Properties Group Secures $22.22M Acquisition Loan For Braintree Marketplace Retail Property

The property involved in this transaction is a fully occupied retail asset located at 350 Grossman Drive in Braintree, MA. The asset spans 85,134 square feet and features national tenants like Nordstrom Rack and Ulta Beauty. The transaction includes acquisition financing amounting to $22,220,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $22,220,000
• Address: 350 Grossman Drive
• Market: Braintree, MA
• Square Footage: 85,134
• Landlord: Josh Levy & Neal Shalom - Waterstone Properties Group
• Broker: Stephen Joseph & Stephen Hassenflu - Atlantic Capital Partners
• Loan Type: Acquisition

The financing for this acquisition was arranged by Atlantic Capital Partners, highlighting the strong lender interest which led to a competitive financing process for the Braintree Marketplace. The deal was facilitated through the expertise of brokers Stephen Joseph and Stephen Hassenflu.