Bierbrier Development Refinances Arlington Village With $12.28 Million Cambridge Savings Loan

LEXINGTON–Bierbrier Development has recently completed the $12.28 million refinancing of Arlington Village Shops located on Massachusetts Ave. in Arlington Heights. The property is a 26,300 SF shopping center with national tenants, including Citizens Bank, Unleashed by Petco, Sherwin Williams, Massage Envy, AFC Urgent Care and European Wax Center.

Brian Corcoran of Ackman-Ziff represented Bierbrier in the transaction. “Well located real estate, combined with strength of sponsorship and a longstanding relationship with a local lender were paramount in completing this transaction amidst a cautious retail lending market,” explained Corcoran.

Nick Donofrio, First Vice President and Commercial Real Estate Team Leader at Cambridge Savings Bank provided the 10-year financing loan for the popular Arlington retail.