Boston & New England + New England + Retail | August 12, 2021

Axiom Capital Secures $15M Acquisition Loan for Pawtucket Shopping Center

Axiom Capital Corp. has arranged a $15.3 million acquisition loan for a 84,455-square-foot, grocery-anchored retail plaza located in Pawtucket, RI.

The property is located within 2 miles of the under-development Pawtucket/ Central Falls Commuter Rail Station & Bus Hub. The new development is projected to cost $47 million and be completed in 2022. The center is anchored by Stop & Shop. Pawtucket is a city in Providence County in northeast Rhode Island, 45 miles from Boston.

The borrower and financing terms were not disclosed.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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