
Fantini & Gorga Arranges $13M Redev Loan for Burlington Retail Structure
Fantini & Gorga has completed a $12.5-million first mortgage for the redevelopment of One Wheeler Road — a two level, on grade, retail and commercial structure — in Burlington, MA.
Casimir Groblewski and Colin Monahan arranged the financing of Fantini & Gorga for as long-standing client who specializes in value added, redevelopment projects in Eastern MA.
The renamed Gateway Burlington will replace an older, functionally obsolete commercial structure and offer 22,000 square feet of gross rentable area. Both levels will have a variety of space options, and the upper level features a drive up and queueing.
The property has visibility from Route I-95 and Middlesex Turnpike. It borders on the northbound I-95 on ramp and is opposite the Burlington Mall. Construction has begun and completion is slated for late this year.
- ◦Development
- ◦Financing