$12,000,000 | Refinance | Office Retail

Fantini & Gorga arranged a $12,000,000 first mortgage for a 100,000-square foot office retail location in Burlington, VT.

The two-building property was completed in 1999 and provides tenants with upscale, Class A office space at the bustling heart of city center. Amenities include nearby highway access, garage parking, a wide array of shops and restaurants, and stunning views of Lake Champlain. The property is currently home to a well-diversified group of tenants, and has historically enjoyed high occupancy and many long-term tenants. The client is an experienced real estate developer and manager, and the lender is a regional bank.