Supreme Development Acquires Retail Plaza In Canton For $8.7M With Dedham Savings Bank Financing

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 Bankwhich 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.