Phoenix Realty Management Secures $7.4M Loan For Merrill Road Retail Plaza In Pittsfield MA

The property involved in the transaction is the Merrill Road Retail Plaza located at 609-635 Merrill Road in Pittsfield, MA. This asset is categorized as a retail space and is fully leased, housing tenants such as T.J. Maxx and Planet Fitness. The financing details include a loan amount of $7,400,000 for a duration of 10 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,400,000
• Address: 609-635 Merrill Road
• Market: Pittsfield, MA
• Landlord: Phoenix Realty Management
• Brokers: Andrew Stewart, Brandon Szwalbenest & Dev Morris - Cronheim Mortgage

Key individuals involved in this transaction include Andrew Stewart, Brandon Szwalbenest, and Dev Morris, all representing Cronheim Mortgage. Their role was to arrange the refinancing loan for the Merrill Road Retail Plaza, specifically securing the necessary financing for the landlord, Phoenix Realty Management.